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

Shineco, Inc. (NASDAQ:SISI) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 321,100 shares, a decrease of 41.1% from the May 15th total of 545,400 shares. Based on an average daily trading volume, of 1,260,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Shineco

An institutional investor recently raised its position in Shineco stock. Powell Investment Advisors LLC grew its holdings in shares of Shineco, Inc. (NASDAQ:SISI) by 142.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,888 shares of the company’s stock after purchasing an additional 16,388 shares during the quarter. Powell Investment Advisors LLC owned approximately 1.61% of Shineco worth $25,000 at the end of the most recent quarter. 4.08% of the stock is owned by institutional investors and hedge funds.

Shineco Stock Performance

Shares of NASDAQ:SISI opened at $0.33 on Tuesday. The business’s fifty day moving average price is $0.68 and its two-hundred day moving average price is $1.28. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 0.04. Shineco has a one year low of $0.30 and a one year high of $117.65.

Shineco (NASDAQ:SISI) last announced its earnings results on Thursday, May 15th. The company reported ($0.84) EPS for the quarter. The company had revenue of $0.26 million for the quarter. Shineco had a negative net margin of 245.08% and a negative return on equity of 64.49%.

Shineco Company Profile

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.