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

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 37,500 shares, a growth of 27.6% from the May 15th total of 29,400 shares. Based on an average trading volume of 80,300 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Recon Technology in a research note on Friday. They set a “sell” rating for the company.

Recon Technology Trading Down 5.0 %

NASDAQ:RCON traded down $0.07 during trading hours on Friday, reaching $1.34. The company had a trading volume of 2,807 shares, compared to its average volume of 24,573. The business’s 50-day simple moving average is $1.72 and its two-hundred day simple moving average is $2.92. Recon Technology has a twelve month low of $1.26 and a twelve month high of $7.56.

About Recon Technology

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.