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

Recon Technology, Ltd. (NASDAQ:RCON) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 9,918 shares, an increase of 80.9% from the February 26th total of 5,482 shares. Based on an average daily volume of 193,773 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Recon Technology Stock Performance

NASDAQ:RCON opened at $0.81 on Friday. 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 $0.81 and a fifty-two week high of $7.16. The company has a 50 day simple moving average of $1.25 and a two-hundred day simple moving average of $1.49.

Recon Technology (NASDAQ:RCON) last issued its quarterly earnings results on Friday, March 13th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.47. The firm had revenue of $6.08 million during the quarter, compared to analyst estimates of $4.70 million.

Analyst Ratings Changes

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