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

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,189,283 shares, an increase of 495.7% from the July 30th total of 199,641 shares. Currently, 364.8% of the shares of the company are sold short. Based on an average daily volume of 87,736,023 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

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

Recon Technology Trading Up 3.5%

RCON traded up $0.06 during midday trading on Thursday, hitting $1.87. The company had a trading volume of 483,876 shares, compared to its average volume of 212,979. Recon Technology has a twelve month low of $1.71 and a twelve month high of $465.98. The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $59.62 and its 200-day simple moving average is $141.19.

Recon Technology Company Profile

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.