Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Up 120.4% in July

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 62,695 shares, a growth of 120.4% from the June 30th total of 28,443 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 51,324 shares, the short-interest ratio is currently 1.2 days.

Recon Technology Price Performance

Shares of RCON traded down $0.04 during trading hours on Tuesday, hitting $0.44. The company had a trading volume of 90,362 shares, compared to its average volume of 423,757. The firm has a fifty day moving average price of $0.50 and a 200-day moving average price of $0.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 4.23. Recon Technology has a 52-week low of $0.32 and a 52-week high of $7.16.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Recon Technology in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently 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.