Recon Technology, Ltd. (NASDAQ:RCON – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 107,843 shares, a growth of 153.8% from the September 30th total of 42,488 shares. Currently, 33.1% of the shares of the stock are short sold. Based on an average trading volume of 214,921 shares, the short-interest ratio is currently 0.5 days.
Recon Technology Trading Up 7.2%
RCON stock opened at $1.04 on Friday. Recon Technology has a 52 week low of $0.88 and a 52 week high of $370.08. The company has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $122.09.
Analyst Ratings Changes
A number of analysts have issued reports on RCON shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Recon Technology in a report on Friday, September 4th. Wall Street Zen downgraded shares of Recon Technology from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Recon Technology
About Recon Technology
Recon Technology, Ltd. is a China-based oilfield services and equipment company that supports petroleum exploration, production and processing activities. The company provides hardware, software and technical services designed to improve automation, efficiency and operational control at oil and gas facilities.
Its offerings have included oilfield production automation systems, electrical and instrumentation equipment, industrial control solutions, and related engineering and maintenance services.
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