Short Interest in Shineco, Inc. (NASDAQ:SISI) Increases By 105.7%

Shineco, Inc. (NASDAQ:SISI) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 402,300 shares, an increase of 105.7% from the June 30th total of 195,600 shares. Approximately 4.5% of the shares of the stock are short sold. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 0.4 days.

Shineco Price Performance

Shares of NASDAQ SISI remained flat at $0.68 during trading on Friday. 455,823 shares of the stock traded hands, compared to its average volume of 2,551,987. The firm’s fifty day simple moving average is $2.27 and its two-hundred day simple moving average is $1.47. Shineco has a 1-year low of $0.61 and a 1-year high of $4.90. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.02.

Shineco (NASDAQ:SISI) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.52) earnings per share for the quarter. The business had revenue of $1.35 million during the quarter. Shineco had a negative return on equity of 32.37% and a negative net margin of 138.63%.

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.