Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Up 367.0% in June

Recon Technology, Ltd. (NASDAQ:RCON) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 74,309 shares, a growth of 367.0% from the May 31st total of 15,912 shares. Based on an average daily trading volume, of 133,593 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Recon Technology Trading Up 5.8%

Shares of RCON traded up $0.02 during mid-day trading on Friday, hitting $0.41. The company’s stock had a trading volume of 34,736 shares, compared to its average volume of 101,470. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 4.23. The company’s 50-day moving average is $0.69 and its 200-day moving average is $1.06. Recon Technology has a 52-week low of $0.38 and a 52-week high of $7.16.

Analyst Upgrades and Downgrades

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

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.