Shineco Inc (NASDAQ:TYHT) Shorts Decreased By 7.43%

June 27, 2018 - By Arnold Ferreira

It was showed a decrease on Shineco Inc (NASDAQ:TYHT)’s shares shorted with 7.43%. In June was announced TYHT’s total 71,000 shares shorted by FINRA. That’s 7.43% down from 76,700 shares. Previous TYHT’s position will need 4 days to recover. It has 18,600 average volume. Shineco Inc float short is 0.51%.

The stock decreased 2.20% or $0.04 during the last trading session, touching $1.73.Currently Shineco, Inc. is downtrending after 58.69% change in last June 27, 2017. TYHT has also 468 shares volume. TYHT underperformed by 71.26% the S&P500.

Shineco, Inc., through its subsidiaries, produces, distributes, and sells health and well-being focused plant products in China.The company has $36.76 million market cap. It processes and distributes traditional Chinese herbal medicine products, as well as other pharmaceutical products directly to individual customers.3.1 is the P/E ratio. The firm also plants, processes, and distributes green and organic agricultural produce; and grows, cultivates, and sells yew trees that are used for the production of anti-cancer medication, as well as ornamental bonsai trees for purifying indoor air quality.

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