Recon Technology, Ltd. (NASDAQ:RCON) Sees Large Decline in Short Interest

Recon Technology, Ltd. (NASDAQ:RCON) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 28,443 shares, a decline of 61.7% from the June 15th total of 74,309 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 63,162 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, According to MarketBeat.com, Recon Technology presently has a consensus rating of “Sell”.

Recon Technology Stock Down 3.0%

Recon Technology stock traded down $0.01 during mid-day trading on Tuesday, hitting $0.45. The company’s stock had a trading volume of 6,114 shares, compared to its average volume of 60,753. The stock’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.98. The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02. Recon Technology has a 1 year low of $0.38 and a 1 year high of $7.16.

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.