Powell Investment Advisors LLC Purchases Shares of 11,500 Shineco, Inc. (NASDAQ:SISI)

Powell Investment Advisors LLC acquired a new position in Shineco, Inc. (NASDAQ:SISI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned 0.66% of Shineco as of its most recent SEC filing.

Shineco Stock Down 7.1 %

Shares of NASDAQ SISI opened at $1.30 on Wednesday. Shineco, Inc. has a 12-month low of $1.30 and a 12-month high of $117.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.75 and a current ratio of 0.81. The firm has a 50 day moving average of $2.09 and a 200 day moving average of $5.47.

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.