Short Interest in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Decreases By 87.7%

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 16,230 shares, a drop of 87.7% from the December 15th total of 131,477 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 43,149 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 43,149 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research report on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ReTo Eco-Solutions has a consensus rating of “Sell”.

ReTo Eco-Solutions Stock Performance

RETO traded down $0.02 during trading on Wednesday, hitting $1.26. 215,900 shares of the company’s stock were exchanged, compared to its average volume of 35,552. ReTo Eco-Solutions has a fifty-two week low of $1.18 and a fifty-two week high of $61.50. The business’s 50 day moving average is $2.46 and its two-hundred day moving average is $28.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.58 and a current ratio of 0.59.

ReTo Eco-Solutions (NASDAQ:RETO) last posted its earnings results on Friday, October 17th. The company reported ($0.35) EPS for the quarter. The firm had revenue of $0.52 million for the quarter.

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.