ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Up 958.2% in December

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 131,477 shares, an increase of 958.2% from the November 30th total of 12,425 shares. Based on an average daily volume of 786,854 shares, the days-to-cover ratio is presently 0.2 days. Currently, 11.0% of the company’s stock are short sold. Currently, 11.0% of the company’s stock are short sold. Based on an average daily volume of 786,854 shares, the days-to-cover ratio is presently 0.2 days.

ReTo Eco-Solutions Stock Down 1.3%

Shares of ReTo Eco-Solutions stock opened at $2.29 on Friday. The company has a 50-day simple moving average of $7.59 and a two-hundred day simple moving average of $36.09. ReTo Eco-Solutions has a 52-week low of $1.77 and a 52-week high of $61.50. The company has a quick ratio of 0.58, a current ratio of 0.59 and a debt-to-equity ratio of 0.01.

ReTo Eco-Solutions (NASDAQ:RETO) last announced its quarterly earnings results on Friday, October 17th. The company reported ($0.35) earnings per share for the quarter. The company had revenue of $0.52 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research report on Friday, October 31st. One equities research 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 Company Profile

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.