Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Down 46.7% in January

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 10,910 shares, a decrease of 46.7% from the December 31st total of 20,456 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 10,230 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 10,230 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Recon Technology Price Performance

RCON traded up $0.08 during trading hours on Friday, hitting $1.39. The company’s stock had a trading volume of 8,684 shares, compared to its average volume of 8,034. The business’s 50-day moving average price is $1.40 and its 200-day moving average price is $1.86. The company has a current ratio of 5.88, a quick ratio of 5.86 and a debt-to-equity ratio of 0.02. Recon Technology has a 12 month low of $1.13 and a 12 month 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) earnings per share (EPS) for the quarter. The business had revenue of $1.74 million during the quarter.

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.