Shineco, Inc. (NASDAQ:SISI – Get Free Report) 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
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