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Shineco Inc. (NASDAQ:SISI)’s Stock Performance and Outlook

In the last trading session, 2.51 million Shineco Inc. (NASDAQ:SISI) shares changed hands as the company’s beta touched 0.17. With the company’s per share price at $0.14 changed hands at $0.02 or 10.98% during last session, the market valuation stood at $2.71M. SISI’s last price was a discount, traded about -2400.0% off its 52-week high of $3.50. The share price had its 52-week low at $0.11, which suggests the last value was 21.43% up since then. When we look at Shineco Inc.’s average trading volume, we note the 10-day average is 1.96 million shares, with the 3-month average coming to 1.85 million.

Shineco Inc. (NASDAQ:SISI) trade information

Instantly SISI was in green as seen at the end of in last trading. With action 5.24%, the performance over the past five days has been green. The jump to weekly highs of 0.1471 on Friday, 09/15/23 added 10.98% to the stock’s daily price. The company’s shares are showing year-to-date downside of -94.18%, with the 5-day performance at 5.24% in the green. However, in the 30-day time frame, Shineco Inc. (NASDAQ:SISI) is -24.23% down. Looking at the short shares, we see there were 1.3 million shares sold at short interest cover period of 0.48 days.

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Shineco Inc. (SISI) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -22.00%. The 2023 estimates are for Shineco Inc. earnings to increase by 45.00%.

SISI Dividends

Shineco Inc. is expected to release its next quarterly earnings report in October.

Shineco Inc. (NASDAQ:SISI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 25.13% of Shineco Inc. shares while 1.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.97%. There are 1.48% institutions holding the Shineco Inc. stock share, with Renaissance Technologies, LLC the top institutional holder. As of Jun 29, 2023, the company held 0.83% of the shares, roughly 0.18 million SISI shares worth $60041.0.

Citadel Advisors Llc holds the second largest percentage of outstanding shares, with 0.14% or 29107.0 shares worth $9896.0 as of Jun 29, 2023.

With 3572.0 shares estimated at $1928.0 under it, the former controlled 0.02% of total outstanding shares.

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