Rekor Systems Inc (NASDAQ:REKR) Short Interest Update

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Rekor Systems Inc (NASDAQ:REKR) saw a large decrease in short interest in the month of November. As of November 29th, there was short interest totalling 94,100 shares, a decrease of 10.4% from the November 14th total of 105,000 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 163,600 shares, the short-interest ratio is presently 0.6 days.

A hedge fund recently bought a new stake in Rekor Systems stock. Vanguard Group Inc. purchased a new stake in Rekor Systems Inc (NASDAQ:REKR) during the second quarter, according to its most recent filing with the SEC. The firm purchased 17,584 shares of the company’s stock, valued at approximately $33,000. Hedge funds and other institutional investors own 2.84% of the company’s stock.

Shares of NASDAQ:REKR traded down $0.24 during mid-day trading on Friday, reaching $3.24. The stock had a trading volume of 201,568 shares, compared to its average volume of 170,918. The firm has a 50 day simple moving average of $2.41 and a two-hundred day simple moving average of $2.31. The company has a debt-to-equity ratio of 13.86, a quick ratio of 0.95 and a current ratio of 0.99. Rekor Systems has a twelve month low of $0.43 and a twelve month high of $5.44.

Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $4.98 million during the quarter. Rekor Systems had a negative net margin of 28.08% and a negative return on equity of 1,025.73%.

Separately, ValuEngine downgraded shares of Rekor Systems from a “buy” rating to a “hold” rating in a research report on Sunday, October 27th.

About Rekor Systems

Rekor Systems, Inc, through its subsidiary, Rekor Recognition Systems, Inc, provides artificial intelligence and machine-learning enabled automated license plate recognition (ALPR) systems. Its ALPR systems are powered by OpenALPR software to enhance the accuracy of license plate reads to industry-leading levels, as well as to identify the make, model, and color of vehicles.

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