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

Recon Technology, Ltd. (NASDAQ:RCON) was the target of a significant increase in short interest in 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. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 25,095 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 25,095 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are short sold.

Recon Technology Trading Down 1.4%

RCON stock traded down $0.02 during mid-day trading on Friday, hitting $1.40. The company had a trading volume of 13,981 shares, 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 12 month low of $1.13 and a 12 month high of $7.16. The stock’s fifty day moving average price is $1.38 and its two-hundred day moving average price is $1.94.

Recon Technology (NASDAQ:RCON) last posted its earnings results on Saturday, September 27th. The oil and gas company reported ($1.19) earnings per share for the quarter. The firm had revenue of $1.74 million for 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, According to MarketBeat.com, the company 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.