Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Up 63.5% in December

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 12,964 shares, a growth of 63.5% from the November 30th total of 7,928 shares. Based on an average trading volume of 11,864 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 11,864 shares, the days-to-cover ratio is presently 1.1 days.

Recon Technology Stock Up 9.5%

Shares of NASDAQ:RCON traded up $0.12 during midday trading on Friday, reaching $1.38. The company’s stock had a trading volume of 21,159 shares, compared to its average volume of 11,255. The business’s fifty day simple moving average is $1.42 and its 200-day simple moving average is $2.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.86 and a current ratio of 5.88. Recon Technology has a fifty-two week low of $1.13 and a fifty-two week high of $7.16.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Recon Technology in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Recon Technology Company Profile

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.