Shineco, Inc. (NASDAQ:SISI) Short Interest Up 183.4% in November

Shineco, Inc. (NASDAQ:SISI) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 114,200 shares, a growth of 183.4% from the October 31st total of 40,300 shares. Currently, 7.7% of the shares of the company are sold short. Based on an average daily trading volume, of 111,100 shares, the days-to-cover ratio is currently 1.0 days.

Shineco Stock Performance

NASDAQ:SISI traded up $0.15 during trading hours on Friday, reaching $2.47. The stock had a trading volume of 101,715 shares, compared to its average volume of 56,483. 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 stock has a 50 day simple moving average of $3.87 and a 200 day simple moving average of $23.99. Shineco has a 12-month low of $2.07 and a 12-month high of $117.65.

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.