Short Interest in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Declines By 98.6%

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 6,274 shares, a decline of 98.6% from the February 26th total of 437,300 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 148,296 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 148,296 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the company’s shares are sold short.

ReTo Eco-Solutions Trading Up 0.0%

NASDAQ:RETO traded up $0.00 during trading hours on Tuesday, hitting $0.76. 9,958 shares of the stock traded hands, compared to its average volume of 730,471. The firm has a 50 day moving average price of $0.95 and a 200 day moving average price of $10.02. ReTo Eco-Solutions has a fifty-two week low of $0.53 and a fifty-two week high of $28.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.59 and a quick ratio of 0.58.

Analysts Set New Price Targets

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