Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Up 495.7% in August

Recon Technology, Ltd. (NASDAQ:RCON – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,189,283 shares, a growth of 495.7% from the July 30th total of 199,641 shares. Approximately 364.8% of the company’s stock are short sold. Based on an average daily volume of 87,736,023 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

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Recon Technology Trading Up 1.7%

Recon Technology stock traded up $0.03 during mid-day trading on Friday, reaching $1.78. The stock had a trading volume of 71,558 shares, compared to its average volume of 212,727. 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 fifty-two week low of $1.71 and a fifty-two week high of $462.00. The stock’s 50-day simple moving average is $57.55 and its 200-day simple moving average is $139.43.

Recon Technology Company Profile

(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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