ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Down 75.2% in August

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 18,592 shares, a decline of 75.2% from the August 15th total of 74,896 shares. Based on an average daily volume of 1,379,766 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, ReTo Eco-Solutions has an average rating of “Sell”.

ReTo Eco-Solutions Stock Down 5.7%

NASDAQ:RETO traded down $0.02 on Friday, reaching $0.39. The stock had a trading volume of 340,036 shares, compared to its average volume of 955,488. ReTo Eco-Solutions has a 12-month low of $0.36 and a 12-month high of $31.40. The firm’s fifty day moving average is $2.07 and its two-hundred day moving average is $2.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.19.

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.