Shineco, Inc. (NASDAQ:SISI) Short Interest Update

Shineco, Inc. (NASDAQ:SISI) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 195,500 shares, a decline of 15.7% from the December 15th total of 231,800 shares. Based on an average daily volume of 309,800 shares, the days-to-cover ratio is currently 0.6 days. Approximately 12.7% of the company’s stock are short sold.

Shineco Stock Performance

Shares of SISI traded down $0.08 during midday trading on Friday, hitting $1.69. 76,125 shares of the company’s stock traded hands, compared to its average volume of 598,361. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.75 and a current ratio of 0.81. Shineco has a 1 year low of $1.63 and a 1 year high of $117.65. The firm’s fifty day moving average is $2.41 and its 200-day moving average is $10.61.

Shineco Company Profile

Shineco, Inc, through its subsidiaries, processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products. The company was incorporated in 1997 and is headquartered in Beijing, the People's Republic of China.