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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 74,896 shares, an increase of 524.7% from the July 30th total of 11,990 shares. Based on an average daily volume of 744,353 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are sold short.

ReTo Eco-Solutions Price Performance

Shares of RETO opened at $1.62 on Wednesday. ReTo Eco-Solutions has a 12 month low of $0.88 and a 12 month high of $45.20. 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 stock has a fifty day moving average price of $2.48 and a 200 day moving average price of $2.83.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of ReTo Eco-Solutions from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.