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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 38,046 shares, a decline of 82.2% from the May 14th total of 214,242 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily volume of 18,243 shares, the short-interest ratio is currently 2.1 days.

ReTo Eco-Solutions Price Performance

NASDAQ:RETO traded down $0.13 on Friday, hitting $2.72. The stock had a trading volume of 14,822 shares, compared to its average volume of 205,242. 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 company has a fifty day moving average price of $2.83 and a two-hundred day moving average price of $4.90. ReTo Eco-Solutions has a 1-year low of $1.80 and a 1-year high of $69.90.

ReTo Eco-Solutions (NASDAQ:RETO) last posted its 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 for the quarter.

Wall Street Analysts Forecast Growth

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