ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Update

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 13,913 shares, a drop of 44.1% from the June 30th total of 24,874 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average trading volume of 10,725 shares, the days-to-cover ratio is presently 1.3 days.

ReTo Eco-Solutions Stock Performance

Shares of RETO traded up $0.09 during midday trading on Thursday, hitting $2.67. The stock had a trading volume of 1,456 shares, compared to its average volume of 7,529. ReTo Eco-Solutions has a fifty-two week low of $1.80 and a fifty-two week high of $50.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.19 and a current ratio of 0.21. The business has a 50-day simple moving average of $2.62 and a two-hundred day simple moving average of $3.22.

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

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 report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ReTo Eco-Solutions currently has a consensus rating of “Sell”.

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.