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Shineco Inc.’s (NASDAQ:SISI) Stock Loses -0.25%: A Look At Its Most Probable Path Moving Forward

Shineco Inc. (NASDAQ:SISI) shares, rose in value on Friday, 08/05/22, with the stock price down by -0.25% to the previous day’s close as strong demand from buyers drove the stock to $0.96.

Actively observing the price movement in the last trading, the stock closed the session at $0.96, falling within a range of $0.87 and $1.04. The value of beta (5-year monthly) was 1.71. Referring to stock’s 52-week performance, its high was $14.69, and the low was $0.80. On the whole, SISI has fluctuated by -30.94% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SISI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SISI currently trading nearly -9.58% and -23.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.11, while the 7-day volatility ratio is showing 12.49% which for the 30-day chart, stands at 13.59%. Furthermore, Shineco Inc. (SISI)’s beta value is 1.52, and its average true range (ATR) is 0.13.

Data on historical trading for Shineco Inc. (NASDAQ:SISI) indicates that the trading volumes over the past 10 days have averaged 87970.0 and over the past 3 months, they’ve averaged 272.00K. According to company’s latest data on outstanding shares, there are 9.65 million shares outstanding.

Nearly 24.38% of Shineco Inc.’s shares belong to company insiders and institutional investors own 1.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13540.0 shares as on Jul 14, 2022, resulting in a short ratio of 0.02. According to the data, the short interest in Shineco Inc. (SISI) stood at 0.12% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 46330.0. The stock has fallen by -85.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SISI stock heading into the next quarter.

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