Shineco, Inc. (NASDAQ:SISI) Sees Significant Decrease in Short Interest

Shineco, Inc. (NASDAQ:SISI) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 195,500 shares, a decline of 15.7% from the December 15th total of 231,800 shares. Based on an average daily volume of 309,800 shares, the short-interest ratio is presently 0.6 days. Approximately 12.7% of the company’s stock are sold short.

Shineco Stock Performance

Shares of NASDAQ SISI opened at $1.77 on Friday. The firm’s 50-day moving average price is $2.43 and its 200-day moving average price is $10.97. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.04. Shineco has a 1-year low of $1.63 and a 1-year high of $117.65.

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.