Rekor Systems Inc (NASDAQ:REKR) Short Interest Down 49.0% in August

Rekor Systems Inc (NASDAQ:REKR) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 427,400 shares, a decrease of 49.0% from the July 31st total of 837,400 shares. Currently, 4.1% of the company’s stock are sold short. Based on an average trading volume of 676,200 shares, the short-interest ratio is currently 0.6 days.

An institutional investor recently bought a new position in Rekor Systems stock. Vanguard Group Inc. purchased a new stake in shares of Rekor Systems Inc (NASDAQ:REKR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,584 shares of the company’s stock, valued at approximately $33,000. 2.11% of the stock is currently owned by institutional investors.

Rekor Systems stock traded up $0.04 during midday trading on Thursday, hitting $2.59. 85,037 shares of the company’s stock were exchanged, compared to its average volume of 306,173. The company has a quick ratio of 1.24, a current ratio of 1.26 and a debt-to-equity ratio of 13.86. Rekor Systems has a 12 month low of $0.43 and a 12 month high of $5.44. The firm has a 50-day moving average of $2.61 and a two-hundred day moving average of $1.59.

Rekor Systems Company Profile

Rekor Systems, Inc, through its subsidiary, Rekor Recognition Systems, Inc, provides artificial intelligence and machine-learning enabled automated license plate recognition (ALPR) systems. Its ALPR systems are powered by OpenALPR software to enhance the accuracy of license plate reads to industry-leading levels, as well as to identify the make, model, and color of vehicles.

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