ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Update

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 16,230 shares, a drop of 87.7% from the December 15th total of 131,477 shares. Based on an average daily volume of 43,149 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.4% of the shares of the company are short sold. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 43,149 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research report on Friday, October 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

ReTo Eco-Solutions Trading Down 3.8%

RETO stock traded down $0.07 during trading hours on Monday, hitting $1.76. 57,476 shares of the stock traded hands, compared to its average volume of 27,904. The company has a current ratio of 0.59, a quick ratio of 0.58 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $2.57 and a 200 day simple moving average of $29.27. ReTo Eco-Solutions has a one year low of $1.58 and a one year high of $61.50.

ReTo Eco-Solutions (NASDAQ:RETO) last posted its quarterly earnings data on Friday, October 17th. The company reported ($0.35) earnings per share for the quarter. The firm had revenue of $0.52 million for 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.