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

ReTo Eco-Solutions, Inc. (NASDAQ:RETOGet Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 32,929 shares, a growth of 102.9% from the December 31st total of 16,230 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 64,886 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 64,886 shares, the short-interest ratio is presently 0.5 days. Currently, 1.4% of the shares of the stock are short sold.

ReTo Eco-Solutions Stock Performance

Shares of NASDAQ:RETO traded down $0.20 during trading on Friday, reaching $1.13. 72,507 shares of the company traded hands, compared to its average volume of 151,852. 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 has a 52-week low of $1.07 and a 52-week high of $61.50. The business’s fifty day moving average is $2.11 and its 200-day moving average is $24.25.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, ReTo Eco-Solutions currently has an average rating of “Sell”.

Read Our Latest Stock Report on RETO

About ReTo Eco-Solutions

(Get Free Report)

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.

Further Reading

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