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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 91,200 shares, an increase of 223.4% from the October 15th total of 28,200 shares. Based on an average daily trading volume, of 140,100 shares, the short-interest ratio is currently 0.7 days. Currently, 0.9% of the shares of the stock are short sold.

ReTo Eco-Solutions Stock Down 1.9 %

NASDAQ:RETO traded down $0.02 during mid-day trading on Wednesday, reaching $1.04. The stock had a trading volume of 40,786 shares, compared to its average volume of 144,677. The stock has a 50-day simple moving average of $1.26 and a two-hundred day simple moving average of $1.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.02. ReTo Eco-Solutions has a 12 month low of $0.86 and a 12 month high of $6.98.

Institutional Investors Weigh In On ReTo Eco-Solutions

An institutional investor recently bought a new position in ReTo Eco-Solutions stock. XTX Topco Ltd bought a new position in shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,170 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned 0.32% of ReTo Eco-Solutions at the end of the most recent reporting period. Institutional investors own 6.27% of the company’s stock.

ReTo Eco-Solutions Company Profile

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.