Rekor Systems Inc (NASDAQ:REKR) Sees Large Decline in Short Interest
Rekor Systems Inc (NASDAQ:REKR) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 427,400 shares, a drop of 49.0% from the July 31st total of 837,400 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily volume of 676,200 shares, the days-to-cover ratio is presently 0.6 days.
A hedge fund recently bought a new stake in Rekor Systems stock. Vanguard Group Inc. acquired a new position in shares of Rekor Systems Inc (NASDAQ:REKR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,584 shares of the company’s stock, valued at approximately $33,000. 2.11% of the stock is owned by institutional investors and hedge funds.
Rekor Systems stock traded down $0.10 during midday trading on Friday, reaching $2.49. 5,339 shares of the company were exchanged, compared to its average volume of 308,025. The firm’s 50-day simple moving average is $2.61 and its 200-day simple moving average is $1.59. Rekor Systems has a 1 year low of $0.43 and a 1 year high of $5.44. The company has a current ratio of 1.26, a quick ratio of 1.24 and a debt-to-equity ratio of 13.86.
Rekor Systems, Inc, through its subsidiary, Rekor Recognition Systems, Inc, provides artificial intelligence and machine-learning enabled automated license plate recognition (ALPR) systems. Its ALPR systems are powered by OpenALPR software to enhance the accuracy of license plate reads to industry-leading levels, as well as to identify the make, model, and color of vehicles.
See Also: Buyback
Receive News & Ratings for Rekor Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rekor Systems and related companies with MarketBeat.com's FREE daily email newsletter.