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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient 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. Currently, 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 10,725 shares, the short-interest ratio is presently 1.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of 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 data from MarketBeat.com, the company has an average rating of “Sell”.

ReTo Eco-Solutions Stock Up 4.2%

RETO stock traded up $0.11 during trading on Wednesday, reaching $2.69. 1,456 shares of the stock were exchanged, compared to its average volume of 7,538. The firm’s 50 day moving average is $2.61 and its 200 day moving average is $3.25. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. ReTo Eco-Solutions has a twelve month low of $1.80 and a twelve month high of $50.40.

ReTo Eco-Solutions (NASDAQ:RETO) last released its quarterly earnings data on Thursday, April 30th. The company reported ($44.68) EPS for the quarter. The firm 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.