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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 375,623 shares, an increase of 1,014.0% from the March 31st total of 33,718 shares. Currently, 16.2% of the shares of the company are short sold. Based on an average daily volume of 2,589,707 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 company presently has an average rating of “Sell”.

ReTo Eco-Solutions Stock Down 1.3%

RETO stock traded down $0.01 on Friday, hitting $0.68. The company’s stock had a trading volume of 389,879 shares, compared to its average volume of 1,061,807. The firm has a 50 day moving average of $0.84 and a two-hundred day moving average of $5.00. ReTo Eco-Solutions has a 1 year low of $0.48 and a 1 year high of $28.85.

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.