Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Update

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

Analyst Ratings Changes

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

Recon Technology Trading Up 0.8%

Shares of RCON opened at $0.43 on Monday. Recon Technology has a 1 year low of $0.38 and a 1 year high of $7.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 4.23. The firm has a fifty day moving average of $0.58 and a 200-day moving average of $0.99.

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.