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

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

Hedge Funds Weigh In On Shineco

A hedge fund recently bought a new stake in Shineco stock. Powell Investment Advisors LLC purchased a new stake in Shineco, Inc. (NASDAQ:SISI) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned 0.66% of Shineco at the end of the most recent quarter. 4.08% of the stock is owned by institutional investors.

Shineco Stock Down 22.4 %

Shares of SISI stock traded down $0.28 on Friday, hitting $0.97. The stock had a trading volume of 304,614 shares, compared to its average volume of 129,379. Shineco has a one year low of $0.73 and a one year high of $117.65. The business has a 50 day moving average price of $1.19 and a 200 day moving average price of $2.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.75 and a current ratio of 0.86.

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