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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 35,500 shares, a decrease of 54.8% from the February 28th total of 78,600 shares. Based on an average daily trading volume, of 377,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.4% of the company’s stock are short sold.

ReTo Eco-Solutions Price Performance

NASDAQ RETO traded up $0.19 during trading on Friday, reaching $3.67. 34,597 shares of the company’s stock were exchanged, compared to its average volume of 110,083. The company has a 50 day moving average price of $5.98 and a two-hundred day moving average price of $9.09. ReTo Eco-Solutions has a 1 year low of $2.86 and a 1 year high of $34.60. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.03.

About ReTo Eco-Solutions

ReTo Eco-Solutions, Inc, together with its subsidiaries, manufactures and distributes construction materials primarily in China. Its products include aggregates, bricks, pavers, and tiles. The company's construction materials are used for water absorption, flood control, and water retention; for gardens, roads, bridges, city squares, retaining walls, and slope construction; for hydraulic ecological projects, such as slope protection and river transformation; and for insulation, decoration, and building walls.