ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Update

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 28,200 shares, a drop of 62.5% from the September 30th total of 75,100 shares. Based on an average daily trading volume, of 133,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

ReTo Eco-Solutions Trading Down 0.9 %

Shares of RETO opened at $1.09 on Friday. The stock has a 50-day simple moving average of $1.30 and a 200-day simple moving average of $1.49. ReTo Eco-Solutions has a 1 year low of $0.86 and a 1 year high of $8.29.

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 stake in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 25,436 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 5.92% of ReTo Eco-Solutions as of its most recent filing with the Securities and Exchange Commission. 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.