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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 202,215 shares, a decline of 46.2% from the April 15th total of 375,623 shares. Based on an average daily trading volume, of 1,486,491 shares, the days-to-cover ratio is presently 0.1 days. Approximately 8.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research note on Monday, April 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

ReTo Eco-Solutions Price Performance

Shares of NASDAQ:RETO traded down $0.07 during trading on Friday, reaching $0.56. 291,616 shares of the stock were exchanged, compared to its average volume of 862,723. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.19. ReTo Eco-Solutions has a 1-year low of $0.48 and a 1-year high of $19.55. The stock has a fifty day moving average of $3.13 and a two-hundred day moving average of $9.05.

Shares of ReTo Eco-Solutions are set to reverse split before the market opens on Monday, May 18th. The 1-4 reverse split was announced on Wednesday, May 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 15th.

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