ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Up 524.7% in August

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 74,896 shares, a growth of 524.7% from the July 30th total of 11,990 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 744,353 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

ReTo Eco-Solutions Price Performance

NASDAQ:RETO opened at $1.62 on Wednesday. ReTo Eco-Solutions has a one year low of $0.88 and a one year high of $45.20. The stock has a 50-day simple moving average of $2.48 and a 200 day simple moving average of $2.83. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 0.01.

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.