Short Interest in Rekor Systems Inc (NASDAQ:REKR) Drops By 27.0%
Rekor Systems Inc (NASDAQ:REKR) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 102,600 shares, a decrease of 27.0% from the January 15th total of 140,500 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 168,700 shares, the short-interest ratio is currently 0.6 days.
Shares of REKR traded up $0.24 during midday trading on Friday, hitting $4.47. 102,083 shares of the company traded hands, compared to its average volume of 190,654. The firm has a 50 day moving average of $4.02 and a 200-day moving average of $2.85. Rekor Systems has a 52 week low of $0.59 and a 52 week high of $5.44.
Rekor Systems (NASDAQ:REKR) last announced its earnings results on Thursday, November 14th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $4.98 million for the quarter. Rekor Systems had a negative net margin of 28.08% and a negative return on equity of 1,025.73%.
Separately, ValuEngine downgraded shares of Rekor Systems from a “buy” rating to a “hold” rating in a report on Sunday, October 27th.
Rekor Systems Company Profile
Rekor Systems, Inc, through its subsidiary, Rekor Recognition Systems, Inc, provides artificial intelligence and machine-learning enabled automated license plate recognition (ALPR) systems. Its ALPR systems are powered by OpenALPR software to enhance the accuracy of license plate reads to industry-leading levels, as well as to identify the make, model, and color of vehicles.
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