Short Interest in Recon Technology, Ltd. (NASDAQ:RCON) Decreases By 22.2%

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 14,700 shares, a decline of 22.2% from the February 28th total of 18,900 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

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

Recon Technology Trading Up 10.2 %

Shares of NASDAQ RCON traded up $0.17 during midday trading on Wednesday, reaching $1.83. 29,590 shares of the stock traded hands, compared to its average volume of 36,471. The company’s 50 day moving average is $1.90 and its 200 day moving average is $2.33. Recon Technology has a one year low of $1.26 and a one year high of $3.70. The company has a quick ratio of 10.64, a current ratio of 10.67 and a debt-to-equity ratio of 0.02.

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.