Short Interest in Shineco, Inc. (NASDAQ:SISI) Expands By 183.4%

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

Shineco Stock Up 10.0 %

Shares of SISI stock opened at $2.32 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.75. Shineco has a one year low of $2.07 and a one year high of $117.65. The company’s 50-day moving average is $4.21 and its 200 day moving average is $24.41.

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.