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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 159,200 shares, a growth of 18.2% from the August 31st total of 134,700 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 199,600 shares, the short-interest ratio is currently 0.8 days.

ReTo Eco-Solutions Trading Down 1.5 %

NASDAQ:RETO traded down $0.02 during trading hours on Friday, hitting $1.28. 79,005 shares of the stock traded hands, compared to its average volume of 92,684. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a 50 day moving average price of $1.31 and a 200 day moving average price of $1.52. ReTo Eco-Solutions has a 1 year low of $0.86 and a 1 year high of $8.50.

Hedge Funds Weigh In On ReTo Eco-Solutions

An institutional investor recently bought a new position in ReTo Eco-Solutions stock. Virtu Financial LLC acquired a new position in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,436 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 5.92% of ReTo Eco-Solutions as of its most recent SEC filing. Hedge funds and other institutional investors own 6.27% of the company’s stock.

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.