Shineco (TYHT) Short Interest Ratio & Short Volume

Short interest is the volume of Shineco shares that have been sold short but have not yet been covered or closed out. As of September 30th, traders have sold 444,900 shares of TYHT short. Learn More on Shineco's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. TYHT shares currently have a short interest ratio of 1.0. Learn More on Shineco's short interest ratio.

Shineco saw a decrease in short interest in September. As of September 30th, there was short interest totaling 444,900 shares, a decrease of 27.1% from the previous total of 610,700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "medical" compare to Shineco: Oramed Pharmaceuticals Inc. (0.91%), Passage Bio, Inc. (4.24%), 111, Inc. (0.02%), Allurion Technologies Inc. (1.73%), Clearside Biomedical, Inc. (0.36%), Eton Pharmaceuticals, Inc. (0.66%), Aclaris Therapeutics, Inc. (7.00%), Adagene Inc. (0.04%), BeyondSpring Inc. (10.07%), Curis, Inc. (1.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($7.35 billion), Advanced Micro Devices, Inc. ($6.43 billion), Charter Communications, Inc. ($5.68 billion), Wayfair Inc. ($4.48 billion), Uber Technologies, Inc. ($3.77 billion), Canadian Pacific Kansas City Limited ($3.73 billion), Palo Alto Networks, Inc. ($3.10 billion), Zoom Video Communications, Inc. ($2.87 billion), Match Group, Inc. ($2.83 billion), and DoorDash, Inc. ($2.54 billion). View all of the most shorted stocks.

Short selling TYHT is an investing strategy that aims to generate trading profit from Shineco as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Shineco occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of TYHT, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including TYHT, twice per month. The most recent reporting period available is September, 30 2021.