SHINECO (NASDAQ:SISI) Short Interest Update

SHINECO (NASDAQ:SISI) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 28,900 shares, a decrease of 42.8% from the August 31st total of 50,500 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 614,800 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 614,800 shares, the short-interest ratio is currently 0.0 days. Approximately 4.1% of the shares of the company are sold short.

Analyst Ratings Changes

SISI has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of SHINECO in a research note on Saturday, September 27th. Wall Street Zen downgraded SHINECO from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On SHINECO

An institutional investor recently raised its position in SHINECO stock. Powell Investment Advisors LLC boosted its position in SHINECO (NASDAQ:SISI) by 142.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,888 shares of the company’s stock after purchasing an additional 16,388 shares during the period. Powell Investment Advisors LLC owned about 1.61% of SHINECO worth $25,000 as of its most recent SEC filing. Institutional investors own 4.08% of the company’s stock.

SHINECO Stock Up 3.0%

NASDAQ SISI opened at $5.77 on Friday. SHINECO has a 1-year low of $4.71 and a 1-year high of $280.92. The business has a 50 day moving average price of $6.35 and a 200 day moving average price of $21.11.

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.