Shineco, Inc. (NASDAQ:SISI) Short Interest Down 34.3% in March

Shineco, Inc. (NASDAQ:SISI) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 90,000 shares, a decrease of 34.3% from the February 28th total of 137,000 shares. Based on an average trading volume of 248,200 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are sold short.

Shineco Price Performance

Shares of NASDAQ:SISI traded down $0.28 during midday trading on Friday, hitting $0.97. 304,614 shares of the stock were exchanged, compared to its average volume of 129,379. Shineco has a 52-week low of $0.73 and a 52-week high of $117.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.75. The business’s fifty day simple moving average is $1.19 and its two-hundred day simple moving average is $2.90.

Shineco (NASDAQ:SISI) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.90) EPS for the quarter. The firm had revenue of $3.05 million during the quarter. Shineco had a negative net margin of 245.08% and a negative return on equity of 64.49%.

Institutional Trading of Shineco

A hedge fund recently bought a new stake in Shineco stock. Powell Investment Advisors LLC acquired a new position in shares of Shineco, Inc. (NASDAQ:SISI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned about 0.66% of Shineco as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 4.08% of the company’s stock.

About Shineco

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.