ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Shares Shorted: Short Interest Down 94.6% in October

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 82,685 shares, a decline of 94.6% from the September 30th total of 1,535,119 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily volume of 3,004,191 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RETO shares. Wall Street Zen raised ReTo Eco-Solutions to a “sell” rating in a research note on Saturday, October 10th. Weiss Ratings restated 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. According to MarketBeat.com, the company presently has an average rating of “Sell”.

ReTo Eco-Solutions Stock Performance

ReTo Eco-Solutions stock traded down $0.03 during mid-day trading on Tuesday, reaching $0.79. 70,656 shares of the company’s stock were exchanged, compared to its average volume of 632,252. The business’s fifty day simple moving average is $12.41 and its 200 day simple moving average is $51.14. ReTo Eco-Solutions has a one year low of $0.76 and a one year high of $417.00.

About ReTo Eco-Solutions

ReTo Eco-Solutions Ltd. is a China-based environmental solutions company focused on the development and application of technologies for sustainable construction and ecological restoration. The company works to convert construction and industrial waste into usable materials, supporting resource recycling and environmentally responsible development.

Its products and services have included recycled and eco-friendly construction materials such as permeable bricks, tiles, concrete products, aggregates and other landscaping materials.