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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 24,874 shares, a decrease of 36.7% from the June 15th total of 39,275 shares. Based on an average trading volume of 5,385 shares, the days-to-cover ratio is presently 4.6 days. Approximately 4.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

ReTo Eco-Solutions Trading Down 3.0%

NASDAQ RETO traded down $0.10 on Friday, reaching $3.02. The company had a trading volume of 12,816 shares, compared to its average volume of 172,901. The company’s fifty day moving average is $2.55 and its 200-day moving average is $3.53. 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 1-year low of $1.80 and a 1-year high of $57.00.

ReTo Eco-Solutions (NASDAQ:RETO) last released its quarterly earnings results on Thursday, April 30th. The company reported ($44.68) earnings per share (EPS) 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.