ReTo Eco-Solutions, Inc. (NASDAQ:RETO) Short Interest Down 62.5% in October

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant drop in short interest in 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. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 133,900 shares, the short-interest ratio is currently 0.2 days.

ReTo Eco-Solutions Price Performance

Shares of NASDAQ RETO traded up $0.01 during midday trading on Friday, hitting $1.10. 17,497 shares of the company’s stock were exchanged, compared to its average volume of 145,451. The firm’s fifty day simple moving average is $1.31 and its 200-day simple moving average is $1.49. ReTo Eco-Solutions has a twelve month low of $0.86 and a twelve month high of $7.80.

Institutional Trading of ReTo Eco-Solutions

A hedge fund recently bought a new stake in ReTo Eco-Solutions stock. XTX Topco Ltd bought a new stake in ReTo Eco-Solutions, Inc. (NASDAQ:RETO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,170 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned about 0.32% of ReTo Eco-Solutions as of its most recent filing with the Securities and Exchange Commission. 6.27% of the stock is owned by institutional investors and hedge funds.

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.