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 the month of August. As of August 31st, there was short interest totaling 18,592 shares, a decrease of 75.2% from the August 15th total of 74,896 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,379,766 shares, the short-interest ratio is presently 0.0 days.

ReTo Eco-Solutions Trading Down 5.7%

Shares of NASDAQ RETO traded down $0.02 during mid-day trading on Friday, hitting $0.39. The company had a trading volume of 340,036 shares, compared to its average volume of 955,488. The business’s 50-day simple moving average is $2.07 and its 200 day simple moving average is $2.62. ReTo Eco-Solutions has a 1-year low of $0.36 and a 1-year high of $31.40. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ReTo Eco-Solutions presently has an average rating of “Sell”.

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.