ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Up 102.9% in January

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 32,929 shares, a growth of 102.9% from the December 31st total of 16,230 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 64,886 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 64,886 shares, the short-interest ratio is currently 0.5 days. Approximately 1.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

ReTo Eco-Solutions Stock Performance

RETO stock opened at $0.99 on Friday. The firm has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $23.59. The company has a current ratio of 0.59, a quick ratio of 0.58 and a debt-to-equity ratio of 0.01. ReTo Eco-Solutions has a 1-year low of $0.93 and a 1-year high of $61.50.

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

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.