ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Sees Significant Growth in Short Interest

ReTo Eco-Solutions, Inc. (NASDAQ:RETO – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 74,896 shares, an increase of 524.7% from the July 30th total of 11,990 shares. Based on an average trading volume of 744,353 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of ReTo Eco-Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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ReTo Eco-Solutions Price Performance

NASDAQ RETO traded up $0.03 during trading on Friday, hitting $1.43. The stock had a trading volume of 6,033 shares, compared to its average volume of 283,620. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.19 and a current ratio of 0.21. The firm has a 50 day moving average price of $2.43 and a 200 day moving average price of $2.80. ReTo Eco-Solutions has a twelve month low of $0.88 and a twelve month high of $45.20.

About ReTo Eco-Solutions

(Get Free Report)

ReTo Eco-Solutions, Inc is a U.S.-based environmental services company specializing in the treatment, recycling and re-refining of oilfield and industrial waste streams. The company provides integrated solutions for the recovery of hydrocarbons and water from drilling and production operations, utilizing mechanical separation, thermal desorption, filtration and re-refining technologies to convert used oils into high-quality base oils and minimize disposal volumes.

Through its network of strategically located facilities in core oil and gas regions, ReTo Eco-Solutions offers end-to-end logistics services, including transportation, storage and warehousing of waste materials.

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