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

Recon Technology, Ltd. (NASDAQ:RCON) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 39,000 shares, a growth of 21.1% from the August 15th total of 32,200 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily trading volume, of 35,300 shares, the short-interest ratio is presently 1.1 days.

Recon Technology Trading Down 1.7 %

NASDAQ RCON traded down $0.05 on Tuesday, reaching $2.92. The company had a trading volume of 1,482 shares, compared to its average volume of 45,571. Recon Technology has a 52 week low of $1.26 and a 52 week high of $7.02. The stock’s 50 day moving average is $2.15 and its 200-day moving average is $2.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Recon Technology in a report on Tuesday, September 10th. They set a “sell” rating for the company.

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.