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

Recon Technology, Ltd. (NASDAQ:RCON) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 20,456 shares, an increase of 57.8% from the December 15th total of 12,964 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 25,095 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 25,095 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are sold short.

Recon Technology Price Performance

Shares of RCON traded down $0.02 during trading hours on Friday, hitting $1.40. 13,981 shares of the company were exchanged, compared to its average volume of 10,626. 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. The firm’s fifty day moving average is $1.38 and its 200 day moving average is $1.94.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Recon Technology in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Recon Technology currently has an average 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.