Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Update

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 20,456 shares, an increase of 57.8% from the December 15th total of 12,964 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 25,095 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 25,095 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Recon Technology in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Recon Technology Stock Down 1.4%

Recon Technology stock opened at $1.40 on Friday. The stock has a 50 day moving average of $1.38 and a two-hundred day moving average of $1.94. Recon Technology has a twelve month low of $1.13 and a twelve month high of $7.16. The company has a quick ratio of 5.86, a current ratio of 5.88 and a debt-to-equity ratio of 0.02.

Recon Technology (NASDAQ:RCON) last released its quarterly earnings results on Saturday, September 27th. The oil and gas company reported ($1.19) EPS for the quarter. The firm had revenue of $1.74 million during the quarter.

About Recon Technology

Recon Technology Ltd, through its subsidiaries, specializes in the design, development, manufacturing and sale of nondestructive testing (NDT) equipment and wireless communication products. The company’s NDT portfolio comprises ultrasonic flaw detectors, thickness gauges, phased array systems, eddy current instruments and digital radiography imaging equipment. These solutions enable precision inspection of welds, pipelines, pressure vessels and structural components across a range of industries.

In addition to hardware, Recon Technology provides software for data acquisition, image processing and reporting, as well as calibration, training and technical support services.