ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Down 46.2% in April

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 202,215 shares, a drop of 46.2% from the April 15th total of 375,623 shares. Approximately 8.6% of the shares of the company are short sold. Based on an average trading volume of 1,486,491 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ReTo Eco-Solutions in a research note on Monday, April 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ReTo Eco-Solutions has a consensus rating of “Sell”.

ReTo Eco-Solutions Price Performance

Shares of NASDAQ RETO traded down $0.07 during mid-day trading on Friday, reaching $0.56. 291,616 shares of the company were exchanged, compared to its average volume of 862,723. The company’s 50-day simple moving average is $0.78 and its 200-day simple moving average is $2.26. 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 $0.48 and a twelve month high of $19.55.

Shares of ReTo Eco-Solutions are scheduled to reverse split on the morning of Monday, May 18th. The 1-4 reverse split was announced on Wednesday, May 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 15th.

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