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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 134,700 shares, a growth of 355.1% from the August 15th total of 29,600 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 239,300 shares, the short-interest ratio is presently 0.6 days.

ReTo Eco-Solutions Stock Down 12.1 %

Shares of RETO stock traded down $0.18 during trading hours on Thursday, reaching $1.31. The company had a trading volume of 83,418 shares, compared to its average volume of 160,385. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.60 and a current ratio of 0.60. ReTo Eco-Solutions has a 1-year low of $0.86 and a 1-year high of $8.50. The company has a 50 day moving average of $1.34 and a 200 day moving average of $1.63.

Hedge Funds Weigh In On ReTo Eco-Solutions

A hedge fund recently bought a new stake in ReTo Eco-Solutions stock. Virtu Financial LLC acquired a new stake in shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,436 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 5.92% of ReTo Eco-Solutions as of its most recent filing with the Securities & Exchange Commission. 6.27% of the stock is owned by institutional investors and hedge funds.

ReTo Eco-Solutions Company Profile

ReTo Eco-Solutions, Inc, together with its subsidiaries, manufactures and distributes construction materials primarily in China. Its products include aggregates, bricks, pavers, and tiles. The company's construction materials are used for water absorption, flood control, and water retention; for gardens, roads, bridges, city squares, retaining walls, and slope construction; for hydraulic ecological projects, such as slope protection and river transformation; and for insulation, decoration, and building walls.