Short Interest in Recon Technology, Ltd. (NASDAQ:RCON) Increases By 367.0%

Recon Technology, Ltd. (NASDAQ:RCON) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 74,309 shares, an increase of 367.0% from the May 31st total of 15,912 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 133,593 shares, the short-interest ratio is currently 0.6 days.

Recon Technology Price Performance

NASDAQ RCON traded up $0.02 on Friday, hitting $0.41. 34,736 shares of the stock were exchanged, compared to its average volume of 101,470. The company has a quick ratio of 4.23, a current ratio of 4.24 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average price of $0.69 and a two-hundred day moving average price of $1.05. Recon Technology has a 52-week low of $0.38 and a 52-week high of $7.16.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Recon Technology in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Recon Technology Company Profile

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.