Short Interest in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Drops By 20.8%

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 71,800 shares, a drop of 20.8% from the November 30th total of 90,600 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 67,100 shares, the days-to-cover ratio is presently 1.1 days.

ReTo Eco-Solutions Trading Down 2.2 %

NASDAQ:RETO traded down $0.02 on Tuesday, reaching $0.89. The company’s stock had a trading volume of 44,650 shares, compared to its average volume of 131,014. ReTo Eco-Solutions has a 12-month low of $0.85 and a 12-month high of $5.00. The stock has a 50 day moving average price of $1.00 and a 200 day moving average price of $1.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.02 and a quick ratio of 1.00.

Institutional Trading of ReTo Eco-Solutions

A hedge fund recently bought a new stake in ReTo Eco-Solutions stock. XTX Topco Ltd acquired a new position in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,170 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned about 0.32% of ReTo Eco-Solutions as of its most recent filing with the Securities and Exchange Commission. 6.27% of the stock is currently owned by hedge funds and other institutional investors.

About ReTo Eco-Solutions

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.