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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 38,046 shares, a drop of 82.2% from the May 14th total of 214,242 shares. Approximately 6.5% of the shares of the company are sold short. Based on an average trading volume of 18,243 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

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

ReTo Eco-Solutions Stock Performance

Shares of NASDAQ:RETO traded down $0.11 during trading on Thursday, hitting $2.85. The company’s stock had a trading volume of 36,525 shares, compared to its average volume of 206,952. The company has a 50-day moving average of $2.84 and a 200-day moving average of $4.96. ReTo Eco-Solutions has a 12 month low of $1.80 and a 12 month high of $72.60. 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 (NASDAQ:RETO) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($44.68) earnings per share for the quarter. The firm had revenue of $1.16 million for the quarter.

About ReTo Eco-Solutions

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.