Short Interest in Recon Technology, Ltd. (NASDAQ:RCON) Rises By 218.4%

Recon Technology, Ltd. (NASDAQ:RCON) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 199,641 shares, a growth of 218.4% from the July 15th total of 62,695 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 4,281,744 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Recon Technology Price Performance

NASDAQ:RCON traded up $0.00 during mid-day trading on Thursday, reaching $0.03. 82,841,229 shares of the company’s stock traded hands, compared to its average volume of 5,411,552. The company has a 50 day moving average price of $0.41 and a 200-day moving average price of $0.80. The company has a quick ratio of 4.23, a current ratio of 4.24 and a debt-to-equity ratio of 0.02. Recon Technology has a 12-month low of $0.02 and a 12-month high of $3.15.

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.