Short Interest in Recon Technology, Ltd. (NASDAQ:RCON) Grows By 63.5%

Recon Technology, Ltd. (NASDAQ:RCON) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 12,964 shares, an increase of 63.5% from the November 30th total of 7,928 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 11,864 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 11,864 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Recon Technology in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Recon Technology Stock Up 13.2%

NASDAQ:RCON traded up $0.18 during mid-day trading on Tuesday, hitting $1.55. 189,632 shares of the company’s stock traded hands, compared to its average volume of 253,210. Recon Technology has a 12 month low of $1.13 and a 12 month high of $7.16. The firm has a 50 day moving average of $1.41 and a two-hundred day moving average of $2.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.88 and a quick ratio of 5.86.

Recon Technology (NASDAQ:RCON) last released its earnings results on Saturday, September 27th. The oil and gas company reported ($1.19) earnings per share 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.