Recon Technology, Ltd. (NASDAQ:RCON) Sees Significant Drop in Short Interest

Recon Technology, Ltd. (NASDAQ:RCON) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 10,910 shares, a decline of 46.7% from the December 31st total of 20,456 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 10,230 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 10,230 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are sold short.

Recon Technology Trading Up 6.1%

Shares of NASDAQ:RCON traded up $0.08 during trading hours on Friday, reaching $1.39. The stock had a trading volume of 8,684 shares, compared to its average volume of 8,419. The company has a current ratio of 5.88, a quick ratio of 5.86 and a debt-to-equity ratio of 0.02. Recon Technology has a 1 year low of $1.13 and a 1 year high of $7.16. The firm’s 50 day moving average is $1.40 and its 200-day moving average is $1.87.

Recon Technology (NASDAQ:RCON) last announced its quarterly earnings results on Saturday, September 27th. The oil and gas company reported ($1.19) EPS for the quarter. The company had revenue of $1.74 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Recon Technology in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Recon Technology currently has an average rating of “Sell”.

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.