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

Recon Technology, Ltd. (NASDAQ:RCON) saw a significant increase in short interest in 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 trading volume, of 4,281,744 shares, the short-interest ratio is currently 0.0 days. Approximately 0.3% of the company’s stock are sold short.

Recon Technology Trading Down 7.2%

Shares of Recon Technology stock opened at $0.03 on Friday. The company has a fifty day simple moving average of $0.38 and a 200-day simple moving average of $0.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.23 and a current ratio of 4.24. Recon Technology has a 12-month low of $0.02 and a 12-month high of $3.15.

Recon Technology’s stock is scheduled to reverse split on the morning of Tuesday, August 18th. The 1-200 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 17th.

Wall Street Analyst Weigh In

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