Recon Technology, Ltd. (NASDAQ:RCON) Sees Significant Drop in Short Interest
by Renee Jackson · The Cerbat GemRecon Technology, Ltd. (NASDAQ:RCON – Get Free Report) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 10,910 shares, a drop of 46.7% from the December 31st total of 20,456 shares. Based on an average trading volume of 10,230 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 10,230 shares, the days-to-cover ratio is currently 1.1 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Recon Technology in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.
Check Out Our Latest Stock Report on Recon Technology
Recon Technology Stock Up 6.1%
RCON stock traded up $0.08 during trading on Friday, reaching $1.39. The stock had a trading volume of 8,684 shares, compared to its average volume of 8,419. Recon Technology has a 1-year low of $1.13 and a 1-year high of $7.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.86 and a current ratio of 5.88. The firm has a fifty day moving average price of $1.40 and a 200 day moving average price of $1.87.
Recon Technology (NASDAQ:RCON – Get Free Report) last posted its quarterly earnings results on Saturday, September 27th. The oil and gas company reported ($1.19) earnings per share (EPS) for the quarter. The company had revenue of $1.74 million for the quarter.
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.