Short Interest in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Increases By 223.4%

Posted by Maddie Sorensen on Nov 12th, 2024

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ReTo Eco-Solutions stock. XTX Topco Ltd acquired a new stake in shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter. 6.27% of the stock is currently owned by institutional investors.

ReTo Eco-Solutions Trading Up 2.9 %

NASDAQ RETO traded up $0.03 during trading hours on Tuesday, reaching $1.08. 59,156 shares of the stock traded hands, compared to its average volume of 145,105. The stock has a 50 day simple moving average of $1.27 and a two-hundred day simple moving average of $1.50. ReTo Eco-Solutions has a 1 year low of $0.86 and a 1 year high of $7.00. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

About ReTo Eco-Solutions

(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.