Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Up 367.0% in June

Recon Technology, Ltd. (NASDAQ:RCON) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 74,309 shares, an increase of 367.0% from the May 31st total of 15,912 shares. Based on an average trading volume of 133,593 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Recon Technology in a research note on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Recon Technology Stock Up 5.8%

Recon Technology stock traded up $0.02 during trading hours on Friday, hitting $0.41. The company had a trading volume of 34,736 shares, compared to its average volume of 101,470. The company has a 50-day moving average price of $0.69 and a two-hundred day moving average price of $1.06. Recon Technology has a 1 year low of $0.38 and a 1 year high of $7.16. 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 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.