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.
Institutional Ownership:
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.
Analysts Ratings:
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.
