Shineco (NASDAQ:SISI) Trading 42.1% Higher – Should You Buy?

Shineco (NASDAQ:SISI) traded up 42.1% during trading on Tuesday . The company traded as high as $0.27 and last traded at $0.22. 180,664,049 shares changed hands during mid-day trading, an increase of 6,052% from the average session volume of 2,936,576 shares. The stock had previously closed at $0.15.

Shineco Price Performance

The business has a 50 day moving average of $0.33 and a 200 day moving average of $0.80.

Shineco (NASDAQ:SISI) last issued its earnings results on Thursday, May 15th. The company reported ($0.84) EPS for the quarter. The firm had revenue of $0.26 million during the quarter. Shineco had a negative net margin of 380.55% and a negative return on equity of 79.89%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Shineco stock. Powell Investment Advisors LLC boosted its stake in shares of Shineco (NASDAQ:SISI) by 142.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,888 shares of the company’s stock after acquiring an additional 16,388 shares during the quarter. Powell Investment Advisors LLC owned 1.61% of Shineco worth $25,000 as of its most recent SEC filing. Institutional investors own 4.08% of the company’s stock.

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.