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

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 26,200 shares, a decrease of 18.9% from the July 15th total of 32,300 shares. Based on an average daily volume of 37,600 shares, the short-interest ratio is currently 0.7 days. Approximately 1.2% of the shares of the company are sold short.

Recon Technology Price Performance

NASDAQ:RCON traded up $0.02 during trading hours on Friday, hitting $2.15. 31,752 shares of the stock traded hands, compared to its average volume of 47,550. The stock has a 50 day moving average price of $1.62 and a 200 day moving average price of $2.06. Recon Technology has a 1 year low of $1.26 and a 1 year high of $7.02.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Recon Technology in a research report on Saturday. They set a “sell” rating on the stock.

Recon Technology Company Profile

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.