Recent insider trends for Shineco, Inc. (NASDAQ:TYHT) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of TYHT, the data has some interesting implications for where the stock might be headed.
Institutions own 00.17% of Shineco, Inc. (TYHT)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 1 holders increased their positions by a total of 2562 shares, 3 holders decreased the positions by a total of 16946 shares, and 0 holders held their positions. This works out to a net decrease in ownership of 14384 shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 1 holders initiated new positions by a total of 2562 shares and 2 holders exited their positions by a total of 11646 shares. This nets out to a decrease of 9084 shares and is another bearish sign for TYHT.
Insider ownership increased by a total of 0 shares, which suggests that TYHT’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.
The analysis of insider buying and selling trends can be extended to the aggregate level. Short interest, which represents the number of a stock’s shares currently being shorted, captures what the market as a whole feels about a stock. Shineco, Inc. (NASDAQ:TYHT)’s short interest is 103400 shares, or 0.75% of the float. This represents an increase of 5% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that TYHT is a Weak sell, which implies that TYHT is expected to underperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Shineco, Inc. (NASDAQ:TYHT) is overvalued.