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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,535,119 shares, a growth of 1,288.8% from the September 15th total of 110,537 shares. Based on an average trading volume of 136,226,380 shares, the days-to-cover ratio is presently 0.0 days. Currently, 27.1% of the company’s shares are short sold.

ReTo Eco-Solutions Stock Performance

ReTo Eco-Solutions stock traded down $0.08 during trading hours on Friday, reaching $1.32. 473,228 shares of the company’s stock were exchanged, compared to its average volume of 5,908,364. The firm’s 50 day simple moving average is $21.45 and its 200 day simple moving average is $44.08. ReTo Eco-Solutions has a twelve month low of $1.32 and a twelve month high of $472.00.

Wall Street Analysts Forecast Growth

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

ReTo Eco-Solutions Company Profile

ReTo Eco-Solutions, Ltd. is an environmental protection and construction materials company focused on resource recycling and sustainable infrastructure solutions. The company develops and supplies environmentally friendly construction materials made in part from industrial and construction waste, including recycled aggregates, permeable bricks, concrete products and related materials.

In addition to materials manufacturing, ReTo has provided equipment and engineering services for solid-waste treatment, aggregate production, water treatment and ecological restoration.