Short Interest in Recon Technology, Ltd. (NASDAQ:RCON) Declines By 6.9%

Recon Technology, Ltd. (NASDAQ:RCON) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 146,800 shares, a decrease of 6.9% from the August 30th total of 157,600 shares. Based on an average daily trading volume, of 27,600 shares, the short-interest ratio is currently 5.3 days. Currently, 1.0% of the company’s stock are short sold.

A number of research firms have recently commented on RCON. ValuEngine upgraded shares of Recon Technology from a “strong sell” rating to a “sell” rating in a research note on Friday, September 27th. Maxim Group restated a “hold” rating on shares of Recon Technology in a research note on Tuesday, October 1st.

Recon Technology stock opened at $0.69 on Friday. The firm has a 50-day moving average of $0.72 and a 200-day moving average of $0.80. Recon Technology has a one year low of $0.63 and a one year high of $1.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.29 and a current ratio of 2.32.

Recon Technology Company Profile

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions.

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