Short Interest in Recon Technology, Ltd. (NASDAQ:RCON) Rises By 57.8%

Recon Technology, Ltd. (NASDAQ:RCON) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 20,456 shares, a growth of 57.8% from the December 15th total of 12,964 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 25,095 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 25,095 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s shares are sold short.

Recon Technology Stock Performance

Shares of Recon Technology stock opened at $1.40 on Friday. The firm has a fifty day moving average of $1.38 and a two-hundred day moving average of $1.94. 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 52 week low of $1.13 and a 52 week high of $7.16.

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

Wall Street Analyst Weigh In

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