Recon Technology, Ltd. (NASDAQ:RCON) Sees Large Growth in Short Interest

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 199,641 shares, an increase of 218.4% from the July 15th total of 62,695 shares. Based on an average daily volume of 4,281,744 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Recon Technology in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Recon Technology has a consensus rating of “Sell”.

Recon Technology Trading Up 3.5%

Shares of NASDAQ:RCON traded up $0.00 during midday trading on Thursday, reaching $0.03. The company’s stock had a trading volume of 82,841,229 shares, compared to its average volume of 5,411,552. The firm has a 50 day moving average of $0.41 and a 200-day moving average of $0.80. The company has a quick ratio of 4.23, a current ratio of 4.24 and a debt-to-equity ratio of 0.02. Recon Technology has a 12-month low of $0.02 and a 12-month high of $3.15.

About Recon Technology

Recon Technology Ltd, through its subsidiaries, specializes in the design, development, manufacturing and sale of nondestructive testing (NDT) equipment and wireless communication products. The company’s NDT portfolio comprises ultrasonic flaw detectors, thickness gauges, phased array systems, eddy current instruments and digital radiography imaging equipment. These solutions enable precision inspection of welds, pipelines, pressure vessels and structural components across a range of industries.

In addition to hardware, Recon Technology provides software for data acquisition, image processing and reporting, as well as calibration, training and technical support services.