Short Interest in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Decreases By 36.7%

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant decrease in short interest in 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. Based on an average trading volume of 5,385 shares, the days-to-cover ratio is presently 4.6 days. Approximately 4.2% of the company’s stock are sold short.

ReTo Eco-Solutions Stock Performance

ReTo Eco-Solutions stock opened at $2.95 on Friday. The business has a fifty day moving average of $2.56 and a two-hundred day moving average of $3.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.19 and a current ratio of 0.21. ReTo Eco-Solutions has a twelve month low of $1.80 and a twelve month high of $57.00.

ReTo Eco-Solutions (NASDAQ:RETO) last announced its earnings results on Thursday, April 30th. The company reported ($44.68) earnings per share (EPS) for the quarter. The business had revenue of $1.16 million during 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 report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, ReTo Eco-Solutions presently 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.