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

Recon Technology, Ltd. (NASDAQ:RCON) 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 shares of the company are short sold. Based on an average trading volume of 87,736,023 shares, the days-to-cover ratio is presently 0.0 days.

Recon Technology Price Performance

Recon Technology stock opened at $2.04 on Wednesday. The firm has a 50 day moving average price of $61.59 and a 200-day moving average price of $142.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 4.23. Recon Technology has a twelve month low of $2.01 and a twelve month high of $487.00.

Wall Street Analysts Forecast Growth

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

About Recon Technology

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.