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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 16,230 shares, a drop of 87.7% from the December 15th total of 131,477 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 43,149 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 43,149 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.4% of the shares of the stock are sold short.

ReTo Eco-Solutions Price Performance

RETO opened at $1.76 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.59 and a quick ratio of 0.58. The company’s 50 day simple moving average is $2.54 and its 200-day simple moving average is $28.85. ReTo Eco-Solutions has a one year low of $1.58 and a one year high of $61.50.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.