Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Up 218.4% in July

Recon Technology, Ltd. (NASDAQ:RCON) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 199,641 shares, an increase of 218.4% from the July 15th total of 62,695 shares. Based on an average daily volume of 4,281,744 shares, the short-interest ratio is currently 0.0 days. Approximately 0.3% of the shares of the company are sold short.

Recon Technology Price Performance

Recon Technology stock traded down $0.00 during trading on Friday, hitting $0.03. The stock had a trading volume of 57,435,991 shares, compared to its average volume of 43,383,276. Recon Technology has a 1 year low of $0.02 and a 1 year high of $3.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 4.23. The stock’s 50 day moving average is $0.38 and its two-hundred day moving average is $0.79.

Shares of Recon Technology are set to reverse split on Tuesday, August 18th. The 1-200 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 17th.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Recon Technology in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.