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

Shineco, Inc. (NASDAQ:SISI) saw 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 short sold. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is presently 0.4 days.

Shineco Price Performance

NASDAQ:SISI remained flat at $0.68 during midday trading on Friday. 455,823 shares of the company traded hands, compared to its average volume of 2,551,987. Shineco has a one year low of $0.61 and a one year high of $4.90. The stock has a 50-day simple moving average of $2.27 and a two-hundred day simple moving average of $1.47. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.48 and a current ratio of 0.52.

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

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.