Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Update

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 9,918 shares, a growth of 80.9% from the February 26th total of 5,482 shares. Based on an average trading volume of 193,773 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Recon Technology Price Performance

NASDAQ:RCON opened at $0.85 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 4.23. Recon Technology has a one year low of $0.84 and a one year high of $7.16. The firm has a 50-day moving average of $1.26 and a 200-day moving average of $1.50.

Recon Technology (NASDAQ:RCON) last announced its quarterly earnings results on Friday, March 13th. The oil and gas company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.47.

Wall Street Analyst Weigh In

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