Short Interest in Recon Technology, Ltd. (NASDAQ:RCON) Increases By 63.5%

Recon Technology, Ltd. (NASDAQ:RCON) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 12,964 shares, a growth of 63.5% from the November 30th total of 7,928 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 11,864 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 11,864 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the shares of the company are sold short.

Recon Technology Trading Up 9.5%

Shares of RCON traded up $0.12 during midday trading on Friday, reaching $1.38. The stock had a trading volume of 21,159 shares, compared to its average volume of 11,255. The company has a quick ratio of 5.86, a current ratio of 5.88 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average price is $1.42 and its 200-day moving average price is $2.04. Recon Technology has a 52 week low of $1.13 and a 52 week high of $7.16.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Recon Technology in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company 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.