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

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 7,200 shares, an increase of 1,700.0% from the February 29th total of 400 shares. Based on an average daily trading volume, of 65,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On ReTo Eco-Solutions

A hedge fund recently raised its stake in ReTo Eco-Solutions stock. Renaissance Technologies LLC increased its position in shares of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) by 147.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 499,150 shares of the company’s stock after buying an additional 297,347 shares during the period. Renaissance Technologies LLC owned about 1.81% of ReTo Eco-Solutions worth $574,000 at the end of the most recent quarter. Institutional investors own 6.27% of the company’s stock.

ReTo Eco-Solutions Trading Down 8.2 %

NASDAQ:RETO opened at $1.01 on Thursday. ReTo Eco-Solutions has a twelve month low of $1.00 and a twelve month high of $73.60. The stock has a fifty day simple moving average of $3.00 and a 200-day simple moving average of $4.67.

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.