ReTo Eco-Solutions, Inc. (NASDAQ:RETO – Get Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 31,600 shares, a drop of 67.6% from the April 15th total of 97,600 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 315,000 shares, the days-to-cover ratio is presently 0.1 days.
NASDAQ RETO traded up $0.07 during mid-day trading on Thursday, hitting $0.77. The company’s stock had a trading volume of 450 shares, compared to its average volume of 1,140,469. The company’s 50 day simple moving average is $1.04 and its 200 day simple moving average is $1.19. ReTo Eco-Solutions has a twelve month low of $0.62 and a twelve month high of $3.36.
A hedge fund recently raised its stake in ReTo Eco-Solutions stock. Virtu Financial LLC grew its position in shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO – Get Rating) by 433.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,651 shares of the company’s stock after acquiring an additional 85,046 shares during the quarter. Virtu Financial LLC owned 0.38% of ReTo Eco-Solutions worth $178,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 8.69% of the stock is owned by hedge funds and other institutional investors.
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.
- Get a free copy of the StockNews.com research report on ReTo Eco-Solutions (RETO)
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