ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Update

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 13,913 shares, a decline of 44.1% from the June 30th total of 24,874 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 10,725 shares, the days-to-cover ratio is currently 1.3 days.

ReTo Eco-Solutions Stock Down 2.5%

ReTo Eco-Solutions stock opened at $2.68 on Friday. 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 company’s 50-day moving average is $2.62 and its 200-day moving average is $3.19. ReTo Eco-Solutions has a fifty-two week low of $1.80 and a fifty-two week high of $46.80.

ReTo Eco-Solutions (NASDAQ:RETO) last posted its earnings results on Thursday, April 30th. The company reported ($44.68) earnings per share for the quarter. The company had revenue of $1.16 million during the quarter.

Analyst Ratings Changes

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

ReTo Eco-Solutions Company Profile

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.