Short Interest in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Drops By 82.2%

ReTo Eco-Solutions, Inc. (NASDAQ:RETOGet Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 12,000 shares, a drop of 82.2% from the June 30th total of 67,500 shares. Based on an average daily trading volume, of 201,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ReTo Eco-Solutions stock. Virtu Financial LLC purchased a new stake in shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETOFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,436 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 5.92% of ReTo Eco-Solutions at the end of the most recent reporting period. 6.27% of the stock is currently owned by institutional investors and hedge funds.

ReTo Eco-Solutions Price Performance

NASDAQ RETO traded down $0.06 during mid-day trading on Friday, hitting $1.38. The company’s stock had a trading volume of 146,808 shares, compared to its average volume of 221,137. The company’s 50 day simple moving average is $1.91 and its 200 day simple moving average is $2.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.60 and a current ratio of 0.60. ReTo Eco-Solutions has a twelve month low of $0.86 and a twelve month high of $73.60.

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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