Recon Technology, Ltd. (NASDAQ:RCON) Sees Significant Decrease in Short Interest

Recon Technology, Ltd. (NASDAQ:RCON – Get Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 28,443 shares, a decline of 61.7% from the June 15th total of 74,309 shares. Based on an average trading volume of 63,162 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

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Recon Technology Stock Down 6.6%

NASDAQ:RCON traded down $0.03 during trading hours on Wednesday, reaching $0.41. 29,729 shares of the company’s stock were exchanged, compared to its average volume of 60,597. The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02. Recon Technology has a 12 month low of $0.38 and a 12 month high of $7.16. The business’s 50-day simple moving average is $0.56 and its two-hundred day simple moving average is $0.98.

About Recon Technology

(Get Free Report)

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.

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