Rekor Systems, Inc. (NASDAQ:REKR) Short Interest Update

Rekor Systems, Inc. (NASDAQ:REKR) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 10,240,000 shares, a drop of 19.4% from the March 31st total of 12,700,000 shares. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is currently 8.4 days.

Analysts Set New Price Targets

Separately, William Blair restated an “outperform” rating on shares of Rekor Systems in a research report on Tuesday, March 26th.

Rekor Systems Trading Up 2.3 %

Shares of REKR traded up $0.04 during mid-day trading on Friday, reaching $1.79. The stock had a trading volume of 411,171 shares, compared to its average volume of 990,546. Rekor Systems has a 12 month low of $1.06 and a 12 month high of $4.15. The business has a fifty day moving average of $2.15 and a 200 day moving average of $2.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.29 and a current ratio of 1.47.

Rekor Systems (NASDAQ:REKR) last posted its quarterly earnings results on Monday, March 25th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $11.07 million during the quarter, compared to the consensus estimate of $10.72 million. Rekor Systems had a negative return on equity of 106.96% and a negative net margin of 130.78%. As a group, research analysts forecast that Rekor Systems will post -0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Rekor Systems

A number of hedge funds have recently modified their holdings of REKR. Grimes & Company Inc. lifted its holdings in shares of Rekor Systems by 65.0% in the fourth quarter. Grimes & Company Inc. now owns 16,500 shares of the company’s stock worth $55,000 after buying an additional 6,500 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Rekor Systems by 233.3% in the third quarter. Parkside Financial Bank & Trust now owns 10,000 shares of the company’s stock worth $28,000 after buying an additional 7,000 shares in the last quarter. Red Door Wealth Management LLC lifted its holdings in shares of Rekor Systems by 50.0% in the fourth quarter. Red Door Wealth Management LLC now owns 24,000 shares of the company’s stock worth $80,000 after buying an additional 8,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Rekor Systems by 42.4% in the fourth quarter. SG Americas Securities LLC now owns 35,613 shares of the company’s stock worth $119,000 after buying an additional 10,610 shares in the last quarter. Finally, Coombe Bender & Co LLC lifted its holdings in shares of Rekor Systems by 6.6% in the fourth quarter. Coombe Bender & Co LLC now owns 171,152 shares of the company’s stock worth $570,000 after buying an additional 10,650 shares in the last quarter. 45.71% of the stock is currently owned by institutional investors.

Rekor Systems Company Profile

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.