Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Up 120.4% in July

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 62,695 shares, an increase of 120.4% from the June 30th total of 28,443 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 51,324 shares, the days-to-cover ratio is presently 1.2 days.

Recon Technology Price Performance

RCON stock traded down $0.08 during mid-day trading on Wednesday, hitting $0.36. 242,909 shares of the company were exchanged, compared to its average volume of 422,619. Recon Technology has a 12-month low of $0.32 and a 12-month high of $4.50. The business has a fifty day simple moving average of $0.50 and a 200-day simple moving average of $0.90. The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 data from MarketBeat, the stock presently 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.