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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw 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 daily volume of 744,353 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the company’s shares are short sold.

ReTo Eco-Solutions Stock Up 0.4%

Shares of RETO traded up $0.01 on Thursday, reaching $1.42. The company’s stock had a trading volume of 53,199 shares, compared to its average volume of 285,230. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 0.01. ReTo Eco-Solutions has a twelve month low of $0.88 and a twelve month high of $45.20. The firm has a fifty day moving average of $2.45 and a 200-day moving average of $2.81.

Analyst Upgrades and Downgrades

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