Shineco, Inc. (NASDAQ:SISI) Short Interest Down 87.2% in February

Shineco, Inc. (NASDAQ:SISIGet Free Report) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 20,400 shares, a decline of 87.2% from the January 31st total of 159,300 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average daily volume of 390,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Shineco

A number of hedge funds and other institutional investors have recently bought and sold shares of SISI. Renaissance Technologies LLC acquired a new stake in Shineco in the 1st quarter valued at approximately $353,000. Virtu Financial LLC acquired a new stake in Shineco in the 1st quarter valued at approximately $28,000. Marshall Wace LLP acquired a new stake in Shineco in the 4th quarter valued at approximately $34,000. Finally, Jane Street Group LLC acquired a new stake in Shineco in the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 0.97% of the company’s stock.

Shineco Price Performance

Shares of NASDAQ:SISI traded down $0.01 during trading on Wednesday, hitting $1.18. 43,194 shares of the company’s stock traded hands, compared to its average volume of 600,864. Shineco has a 52 week low of $0.81 and a 52 week high of $8.90. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $1.31 and a 200-day moving average price of $1.30.

Shineco (NASDAQ:SISIGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported ($8.40) earnings per share for the quarter. The firm had revenue of $2.31 million during the quarter.

About Shineco

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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.

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