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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 24,874 shares, a decrease of 36.7% from the June 15th total of 39,275 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily volume of 5,385 shares, the short-interest ratio is presently 4.6 days.

ReTo Eco-Solutions Stock Down 5.4%

RETO traded down $0.17 during trading on Friday, reaching $2.95. The stock had a trading volume of 13,113 shares, compared to its average volume of 7,380. 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 one year low of $1.80 and a one year high of $57.00. The business has a 50-day moving average of $2.56 and a 200-day moving average of $3.53.

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

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of ReTo Eco-Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ReTo Eco-Solutions presently has a consensus 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.