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

Shineco, Inc. (NASDAQ:SISI) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 90,000 shares, a decline 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 shares of the company are sold short.

Hedge Funds Weigh In On Shineco

An institutional investor recently bought a new position in Shineco stock. Powell Investment Advisors LLC purchased a new stake in shares of Shineco, Inc. (NASDAQ:SISI) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned approximately 0.66% of Shineco at the end of the most recent reporting period. Institutional investors own 4.08% of the company’s stock.

Shineco Stock Performance

Shares of NASDAQ:SISI traded down $0.06 during trading on Monday, hitting $0.91. 26,704 shares of the company were exchanged, compared to its average volume of 128,971. Shineco has a 52-week low of $0.73 and a 52-week high of $117.65. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $1.19 and a 200 day moving average of $2.81.

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