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

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

Shineco Stock Performance

Shares of SISI stock traded down $0.08 during trading hours on Friday, reaching $1.69. 76,125 shares of the company traded hands, compared to its average volume of 598,361. The firm has a 50-day moving average price of $2.41 and a 200 day moving average price of $10.61. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. Shineco has a 12-month low of $1.63 and a 12-month high of $117.65.

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.