ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Stock Short Interest Rises 1,288.8%

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a large growth in short interest in 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. Currently, 27.1% of the shares of the company are short sold. Based on an average daily trading volume, of 136,226,380 shares, the short-interest ratio is presently 0.0 days.

ReTo Eco-Solutions Stock Performance

NASDAQ:RETO traded down $0.08 during mid-day trading on Friday, reaching $1.32. The stock had a trading volume of 473,228 shares, compared to its average volume of 5,908,364. The stock has a 50-day simple moving average of $21.45 and a two-hundred day simple moving average of $44.08. ReTo Eco-Solutions has a 12 month low of $1.32 and a 12 month high of $472.00.

Analyst Ratings Changes

A number of research firms have recently weighed in on RETO. Weiss Ratings reissued a “sell (e+)” rating on shares of ReTo Eco-Solutions in a report on Thursday, August 27th. Wall Street Zen upgraded shares of ReTo Eco-Solutions to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus 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.