ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Shares Shorted: Short Interest Up 494.5% in September

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 110,537 shares, an increase of 494.5% from the August 31st total of 18,592 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 23,624,935 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a report on Thursday, August 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

ReTo Eco-Solutions Price Performance

ReTo Eco-Solutions stock opened at $0.15 on Friday. The stock’s 50-day moving average is $1.60 and its 200-day moving average is $2.41. 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 12 month low of $0.15 and a 12 month high of $24.60.

ReTo Eco-Solutions Company Profile

ReTo Eco-Solutions Ltd. is a China-based provider of environmentally friendly construction materials and related solutions. The company has focused on converting industrial and construction waste, including fly ash and other solid waste, into usable building products and materials.

Its products and services have included recycled aggregate, bricks, blocks, paving stones, tiles and other materials used in construction, municipal infrastructure and landscaping. ReTo has also offered equipment, technology and project-related services supporting the production and application of eco-friendly construction materials, as well as certain environmental remediation and infrastructure projects.

Established in China, ReTo has primarily served customers and projects in the Chinese market.