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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 35,500 shares, a drop of 54.8% from the February 28th total of 78,600 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 377,700 shares, the short-interest ratio is presently 0.1 days.

ReTo Eco-Solutions Trading Up 5.5 %

Shares of ReTo Eco-Solutions stock traded up $0.19 during trading on Friday, reaching $3.67. The company’s stock had a trading volume of 34,597 shares, compared to its average volume of 110,083. The company has a 50-day moving average price of $5.98 and a two-hundred day moving average price of $9.09. ReTo Eco-Solutions has a fifty-two week low of $2.86 and a fifty-two week high of $34.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.02.

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.