ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Down 46.2% in April

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 202,215 shares, a decrease of 46.2% from the April 15th total of 375,623 shares. Based on an average trading volume of 1,486,491 shares, the days-to-cover ratio is currently 0.1 days. Approximately 8.6% of the company’s stock are sold short.

ReTo Eco-Solutions Trading Down 10.6%

RETO stock traded down $0.07 during midday trading on Friday, hitting $0.56. The company’s stock had a trading volume of 291,616 shares, compared to its average volume of 862,723. 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 $0.48 and a twelve month high of $19.55. The company’s fifty day moving average price is $0.78 and its 200 day moving average price is $2.26.

ReTo Eco-Solutions shares are scheduled to reverse split on Monday, May 18th. The 1-4 reverse split was announced on Wednesday, May 13th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 15th.

ReTo Eco-Solutions (NASDAQ:RETO) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($44.68) earnings per share (EPS) for the quarter. The business had revenue of $1.16 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a report on Monday, April 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.