Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Down 46.7% in January

Recon Technology, Ltd. (NASDAQ:RCON) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 10,910 shares, a decline of 46.7% from the December 31st total of 20,456 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 10,230 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 10,230 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the shares of the company are short sold.

Recon Technology Stock Performance

NASDAQ RCON traded up $0.08 during trading on Friday, reaching $1.39. The company’s stock had a trading volume of 8,684 shares, compared to its average volume of 8,034. The firm has a 50 day moving average price of $1.40 and a 200 day moving average price of $1.87. Recon Technology has a 12 month low of $1.13 and a 12 month 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.

Recon Technology (NASDAQ:RCON) last posted its quarterly earnings data on Saturday, September 27th. The oil and gas company reported ($1.19) EPS for the quarter. The business had revenue of $1.74 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Recon Technology in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Recon Technology has an average 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.