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

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 71,226 shares, a decline of 94.0% from the August 15th total of 1,189,283 shares. Based on an average daily trading volume, of 2,706,362 shares, the days-to-cover ratio is presently 0.0 days. Currently, 21.8% of the company’s stock are sold short.

Recon Technology Stock Performance

Shares of Recon Technology stock traded down $0.04 on Thursday, hitting $1.29. 228,981 shares of the company’s stock traded hands, compared to its average volume of 1,658,236. Recon Technology has a 52-week low of $1.25 and a 52-week high of $447.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.23 and a current ratio of 4.24. The firm’s 50-day moving average is $40.57 and its 200 day moving average is $122.02.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RCON. Wall Street Zen upgraded Recon Technology to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Recon Technology in a research note on Friday, September 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.