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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 90,300 shares, a growth of 67.5% from the March 31st total of 53,900 shares. Based on an average daily volume of 128,100 shares, the days-to-cover ratio is currently 0.7 days. Currently, 2.9% of the shares of the stock are sold short.

ReTo Eco-Solutions Price Performance

RETO traded up $0.12 during trading on Monday, reaching $1.11. 86,187 shares of the company’s stock were exchanged, compared to its average volume of 105,182. ReTo Eco-Solutions has a fifty-two week low of $0.86 and a fifty-two week high of $73.60. The company’s fifty day moving average price is $1.86 and its 200-day moving average price is $3.96.

About ReTo Eco-Solutions

ReTo Eco-Solutions, Inc, together with its subsidiaries, manufactures and distributes construction materials primarily in China. Its products include aggregates, bricks, pavers, and tiles. The company's construction materials are used for water absorption, flood control, and water retention; for gardens, roads, bridges, city squares, retaining walls, and slope construction; for hydraulic ecological projects, such as slope protection and river transformation; and for insulation, decoration, and building walls.