Short Interest in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Declines By 82.2%

ReTo Eco-Solutions, Inc. (NASDAQ:RETO – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 38,046 shares, a decline of 82.2% from the May 14th total of 214,242 shares. Currently, 6.5% of the shares of the company are short sold. Based on an average daily trading volume, of 18,243 shares, the short-interest ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of ReTo Eco-Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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ReTo Eco-Solutions Price Performance

Shares of ReTo Eco-Solutions stock traded up $0.53 during trading on Wednesday, reaching $2.82. The company’s stock had a trading volume of 269,282 shares, compared to its average volume of 202,893. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $2.84 and its 200-day moving average price is $5.01. ReTo Eco-Solutions has a 52 week low of $1.80 and a 52 week high of $72.60.

ReTo Eco-Solutions (NASDAQ:RETO – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($44.68) earnings per share for the quarter. The business had revenue of $1.16 million for the quarter.

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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