Shineco (NASDAQ:SISI) Short Interest Update

Shineco (NASDAQ:SISI) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 5,400 shares, a decline of 32.5% from the September 30th total of 8,000 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 41,400 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 41,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Shineco stock. Powell Investment Advisors LLC boosted its position in shares of Shineco (NASDAQ:SISI) by 142.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,888 shares of the company’s stock after buying an additional 16,388 shares during the period. Powell Investment Advisors LLC owned 1.61% of Shineco worth $25,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 4.08% of the company’s stock.

Analyst Ratings Changes

SISI has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Shineco in a research note on Wednesday, October 8th. Wall Street Zen cut Shineco from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Shineco Price Performance

SISI opened at $0.77 on Friday. The firm has a market cap of $319,965.00, a price-to-earnings ratio of 0.00 and a beta of -0.82. Shineco has a 52 week low of $0.50 and a 52 week high of $271.50. The business’s 50 day moving average is $4.16 and its two-hundred day moving average is $14.61.

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.