ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Up 1,014.0% in April

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 375,623 shares, an increase of 1,014.0% from the March 31st total of 33,718 shares. Based on an average trading volume of 2,589,707 shares, the days-to-cover ratio is currently 0.1 days. Approximately 16.2% of the company’s stock are sold short.

ReTo Eco-Solutions Trading Down 1.3%

Shares of NASDAQ RETO traded down $0.01 during mid-day trading on Friday, reaching $0.68. The company had a trading volume of 389,879 shares, compared to its average volume of 1,061,807. The firm has a 50 day simple moving average of $0.84 and a two-hundred day simple moving average of $5.00. ReTo Eco-Solutions has a 52-week low of $0.48 and a 52-week high of $28.85.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ReTo Eco-Solutions in a report on Wednesday, January 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ReTo Eco-Solutions has an average 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.