Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Up 32.1% in March
by Jessica Moore · The Cerbat GemRecon Technology, Ltd. (NASDAQ:RCON – Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 13,098 shares, an increase of 32.1% from the March 15th total of 9,918 shares. Based on an average daily trading volume, of 20,035 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.
Recon Technology Trading Down 2.9%
Shares of NASDAQ:RCON traded down $0.03 during trading on Wednesday, hitting $0.86. The company’s stock had a trading volume of 8,013 shares, compared to its average volume of 66,134. The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02. Recon Technology has a fifty-two week low of $0.75 and a fifty-two week high of $7.16. The stock’s 50-day moving average price is $1.12 and its two-hundred day moving average price is $1.38.
Recon Technology (NASDAQ:RCON – Get Free Report) last issued its quarterly earnings data on Friday, March 13th. The oil and gas company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.47. The business had revenue of $6.08 million for the quarter, compared to analyst estimates of $4.70 million.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Recon Technology in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.
Get Our Latest Stock Report on RCON
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.