Short Interest in Shineco, Inc. (NASDAQ:SISI) Increases By 44.8%

Shineco, Inc. (NASDAQ:SISI) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 8,400 shares, a growth of 44.8% from the March 31st total of 5,800 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 423,600 shares, the short-interest ratio is currently 0.0 days.

Shineco Stock Performance

Shineco stock traded up $0.01 during mid-day trading on Friday, hitting $0.81. The company’s stock had a trading volume of 21,225 shares, compared to its average volume of 96,825. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.02. Shineco has a 52-week low of $0.61 and a 52-week high of $7.50. The firm’s 50 day moving average is $0.93 and its 200 day moving average is $1.11.

Shineco (NASDAQ:SISI) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($8.40) earnings per share (EPS) for the quarter. The firm had revenue of $2.31 million for the quarter.

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.