Shineco, Inc. (NASDAQ:SISI) Sees Large Growth in Short Interest

Shineco, Inc. (NASDAQ:SISI) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 7,800 shares, a growth of 95.0% from the February 29th total of 4,000 shares. Based on an average trading volume of 419,300 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of Shineco during the 1st quarter valued at about $28,000. Marshall Wace LLP bought a new position in Shineco during the fourth quarter valued at approximately $34,000. Jane Street Group LLC bought a new stake in Shineco in the fourth quarter worth approximately $50,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Shineco during the 1st quarter worth $353,000. Institutional investors and hedge funds own 4.08% of the company’s stock.

Shineco Stock Down 5.7 %

NASDAQ:SISI traded down $0.04 during trading hours on Thursday, reaching $0.66. 103,200 shares of the company’s stock were exchanged, compared to its average volume of 437,259. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $1.24 and its two-hundred day simple moving average is $1.21. Shineco has a 12 month low of $0.66 and a 12 month high of $7.50.

Shineco (NASDAQ:SISI) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($8.40) earnings per share for the quarter. The business had revenue of $2.31 million for 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.