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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 59,976 shares, a decline of 41.8% from the January 29th total of 103,065 shares. Based on an average trading volume of 541,078 shares, the short-interest ratio is presently 0.1 days. Approximately 2.6% of the shares of the stock are short sold. Approximately 2.6% of the shares of the stock are short sold. Based on an average trading volume of 541,078 shares, the short-interest ratio is presently 0.1 days.

ReTo Eco-Solutions Stock Up 11.1%

Shares of ReTo Eco-Solutions stock traded up $0.10 during trading on Monday, reaching $1.00. The company’s stock had a trading volume of 289,352 shares, compared to its average volume of 1,743,759. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.59 and a quick ratio of 0.58. ReTo Eco-Solutions has a 52-week low of $0.55 and a 52-week high of $53.50. The firm’s 50-day moving average is $1.30 and its two-hundred day moving average is $14.87.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average 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.