Short Interest in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Declines By 82.2%

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 38,046 shares, a drop of 82.2% from the May 14th total of 214,242 shares. Approximately 6.5% of the company’s stock are sold short. Based on an average daily volume of 18,243 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut ReTo Eco-Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

ReTo Eco-Solutions Price Performance

NASDAQ:RETO traded up $0.53 during mid-day trading on Wednesday, hitting $2.82. The stock had a trading volume of 269,282 shares, compared to its average volume of 202,893. ReTo Eco-Solutions has a twelve month low of $1.80 and a twelve month high of $72.60. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $2.84 and its 200 day simple moving average is $5.01.

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

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.