Shineco, Inc. (NASDAQ:SISI) Short Interest Down 96.9% in October

Shineco, Inc. (NASDAQ:SISI) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 40,300 shares, a decrease of 96.9% from the October 15th total of 1,310,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,160,000 shares, the days-to-cover ratio is presently 0.0 days.

Shineco Trading Down 6.6 %

Shares of SISI traded down $0.20 during midday trading on Wednesday, hitting $2.81. 271,910 shares of the company traded hands, compared to its average volume of 50,541. Shineco has a one year low of $2.42 and a one year high of $117.65. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $0.30 and a 200-day moving average of $1.08.

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.