Short Interest in Shineco, Inc. (NASDAQ:SISI) Rises By 110.0%

Shineco, Inc. (NASDAQ:SISI) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 662,900 shares, a growth of 110.0% from the August 15th total of 315,700 shares. Based on an average daily trading volume, of 1,430,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 6.6% of the shares of the company are short sold.

Shineco Stock Up 22.5 %

NASDAQ SISI traded up $0.09 on Friday, reaching $0.49. The company’s stock had a trading volume of 1,666,221 shares, compared to its average volume of 1,417,097. 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 has a 52 week low of $0.33 and a 52 week high of $4.90. The business has a 50-day moving average price of $0.78 and a 200 day moving average price of $1.25.

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.