Short Interest in Rekor Systems Inc (NASDAQ:REKR) Drops By 27.0%
Rekor Systems Inc (NASDAQ:REKR) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 102,600 shares, a drop of 27.0% from the January 15th total of 140,500 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 168,700 shares, the short-interest ratio is presently 0.6 days.
A hedge fund recently bought a new stake in Rekor Systems stock. Northstar Group Inc. bought a new stake in Rekor Systems Inc (NASDAQ:REKR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,776 shares of the company’s stock, valued at approximately $125,000. Northstar Group Inc. owned approximately 0.16% of Rekor Systems as of its most recent SEC filing. 2.99% of the stock is currently owned by institutional investors.
Separately, ValuEngine downgraded shares of Rekor Systems from a “buy” rating to a “hold” rating in a research note on Sunday, October 27th.
Rekor Systems (NASDAQ:REKR) last announced its earnings results on Thursday, November 14th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $4.98 million during the quarter. Rekor Systems had a negative net margin of 28.08% and a negative return on equity of 1,025.73%.
About Rekor Systems
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.
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