Shineco Inc (NASDAQ: SISI) stock fell -8.00% on Friday to $0.11 against a previous-day closing price of $0.12. With 0.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.88 million shares. The 52-week range on SISI shows that it touched its highest point at $3.50 and its lowest point at $0.10 during that stretch. Beta for the stock currently stands at 0.09.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SISI was down-trending over the past week, with a drop of -0.38%, but this was down by -17.28% over a month. Three-month performance dropped to -41.71% while six-month performance fell -79.65%. The stock lost -88.24% in the past year, while it has lost -95.55% so far this year.
Float and Shares Shorts:
At present, 50.93 million SISI shares are outstanding with a float of 47.18 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.78 million, which was 1.77% higher than short shares on Sep 28, 2023. In addition to Ms. Jennifer Zhan as the firm’s CEO & Executive Director, Mr. Sai Wang serves as its CFO & Director.
Through their ownership of 1.48% of SISI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.87% of SISI, in contrast to 0.72% held by mutual funds. Shares owned by individuals account for 0.01%. As the largest shareholder in SISI with 0.38% of the stake, Renaissance Technologies LLC holds 164,793 shares worth 164,793. A second-largest stockholder of SISI, Citadel Securities LLC, holds 87,694 shares, controlling over 0.20% of the firm’s shares. Two Sigma Securities LLC is the third largest shareholder in SISI, holding 53,982 shares or 0.12% stake. With a 0.01% stake in SISI, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 3,572 shares are owned by the mutual fund manager.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SISI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Summary of Insider Activity:
Insiders traded SISI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.