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

Recon Technology, Ltd. (NASDAQ:RCON) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 26,200 shares, a drop of 67.3% from the September 15th total of 80,000 shares. Based on an average daily volume of 840,800 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 840,800 shares, the days-to-cover ratio is presently 0.0 days.

Recon Technology Price Performance

RCON opened at $1.78 on Friday. Recon Technology has a fifty-two week low of $1.40 and a fifty-two week high of $7.16. The company’s 50-day moving average is $2.16 and its 200 day moving average is $2.21.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Recon Technology in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Recon Technology currently has a consensus rating of “Sell”.

About Recon Technology

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People’s Republic of China. The company offers equipment, tools, and other components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.