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

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 71,226 shares, a drop of 94.0% from the August 15th total of 1,189,283 shares. Approximately 21.8% of the company’s shares are short sold. Based on an average daily volume of 2,706,362 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

RCON has been the subject of several recent research reports. Wall Street Zen raised Recon Technology to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Recon Technology in a report on Friday, September 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Recon Technology currently has an average rating of “Sell”.

Recon Technology Stock Up 0.4%

Shares of Recon Technology stock traded up $0.01 during midday trading on Friday, reaching $1.29. The company had a trading volume of 89,264 shares, compared to its average volume of 214,066. The stock has a fifty day moving average price of $40.57 and a 200 day moving average price of $122.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 4.23. Recon Technology has a fifty-two week low of $1.25 and a fifty-two week high of $447.98.

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.