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

Shineco, Inc. (NASDAQ:SISI) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 40,300 shares, a drop of 96.9% from the October 15th total of 1,310,000 shares. Based on an average trading volume of 2,160,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Shineco Stock Performance

Shares of Shineco stock traded up $0.44 during trading hours on Tuesday, reaching $3.20. The company had a trading volume of 416,177 shares, compared to its average volume of 49,038. Shineco has a one year low of $2.42 and a one year high of $117.65. The business has a fifty day simple moving average of $0.25 and a 200 day simple moving average of $1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.76 and a quick ratio of 0.70.

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.