Short Interest in Shineco, Inc. (NASDAQ:SISI) Drops By 76.7%

Shineco, Inc. (NASDAQ:SISI) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 154,600 shares, a drop of 76.7% from the August 31st total of 662,900 shares. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the shares of the stock are sold short.

Shineco Stock Down 21.3 %

NASDAQ SISI traded down $0.06 on Wednesday, hitting $0.23. The company had a trading volume of 2,309,499 shares, compared to its average volume of 790,815. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.52 and a quick ratio of 0.48. The company’s fifty day moving average price is $0.53 and its 200-day moving average price is $1.21. Shineco has a 12-month low of $0.21 and a 12-month high of $4.90.

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.