Short Interest in Shineco, Inc. (NASDAQ:SISI) Expands By 105.7%

Shineco, Inc. (NASDAQ:SISI) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 402,300 shares, a growth of 105.7% from the June 30th total of 195,600 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is presently 0.4 days.

Shineco Stock Performance

NASDAQ:SISI remained flat at $0.68 during trading hours on Friday. The company had a trading volume of 438,954 shares, compared to its average volume of 699,660. The stock has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $1.47. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.02. Shineco has a fifty-two week low of $0.61 and a fifty-two week high of $4.90.

Shineco (NASDAQ:SISI) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.52) earnings per share for the quarter. The business had revenue of $1.35 million during the quarter. Shineco had a negative net margin of 138.63% and a negative return on equity of 32.37%.

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.