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

ReTo Eco-Solutions, Inc. (NASDAQ:RETOGet Free Report) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 91,200 shares, a growth of 223.4% from the October 15th total of 28,200 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 140,100 shares, the days-to-cover ratio is presently 0.7 days.

ReTo Eco-Solutions Price Performance

NASDAQ:RETO traded down $0.02 during mid-day trading on Wednesday, hitting $1.04. The stock had a trading volume of 40,786 shares, compared to its average volume of 144,677. ReTo Eco-Solutions has a twelve month low of $0.86 and a twelve month high of $6.98. The company’s 50 day simple moving average is $1.26 and its 200 day simple moving average is $1.50. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On ReTo Eco-Solutions

An institutional investor recently bought a new position in ReTo Eco-Solutions stock. XTX Topco Ltd purchased a new stake in ReTo Eco-Solutions, Inc. (NASDAQ:RETOFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,170 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned approximately 0.32% of ReTo Eco-Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 6.27% of the company’s stock.

ReTo Eco-Solutions Company Profile

(Get Free Report)

ReTo Eco-Solutions, Inc, together with its subsidiaries, manufactures and distributes construction materials primarily in China. Its products include aggregates, bricks, pavers, and tiles. The company's construction materials are used for water absorption, flood control, and water retention; for gardens, roads, bridges, city squares, retaining walls, and slope construction; for hydraulic ecological projects, such as slope protection and river transformation; and for insulation, decoration, and building walls.

Further Reading

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