Short Interest in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Drops By 44.1%

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 13,913 shares, a decrease of 44.1% from the June 30th total of 24,874 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily volume of 10,725 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of ReTo Eco-Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ReTo Eco-Solutions has an average rating of “Sell”.

ReTo Eco-Solutions Stock Performance

ReTo Eco-Solutions stock traded up $0.11 during trading hours on Wednesday, hitting $2.69. The stock had a trading volume of 1,456 shares, compared to its average volume of 7,538. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.19. ReTo Eco-Solutions has a one year low of $1.80 and a one year high of $50.40. The business’s 50 day simple moving average is $2.61 and its 200-day simple moving average is $3.25.

ReTo Eco-Solutions (NASDAQ:RETO) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($44.68) EPS for the quarter. The firm had revenue of $1.16 million during the quarter.

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.