Rekor Systems, Inc. (NASDAQ:REKR) Short Interest Down 18.0% in January

Rekor Systems, Inc. (NASDAQ:REKR) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 17,380,000 shares, a decrease of 18.0% from the December 31st total of 21,200,000 shares. Based on an average daily trading volume, of 5,460,000 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Ratings Changes

Separately, William Blair reaffirmed an “outperform” rating on shares of Rekor Systems in a report on Friday, November 15th.

Rekor Systems Trading Up 10.9 %

Shares of REKR stock traded up $0.20 on Friday, hitting $2.03. 10,260,072 shares of the stock traded hands, compared to its average volume of 9,766,490. The firm’s 50-day moving average price is $1.33 and its two-hundred day moving average price is $1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76. The stock has a market capitalization of $190.45 million, a PE ratio of -3.12 and a beta of 1.70. Rekor Systems has a twelve month low of $0.78 and a twelve month high of $3.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of Rekor Systems by 13.5% during the 4th quarter. Rhumbline Advisers now owns 61,435 shares of the company’s stock valued at $96,000 after acquiring an additional 7,315 shares during the last quarter. LexAurum Advisors LLC boosted its position in shares of Rekor Systems by 39.9% during the 4th quarter. LexAurum Advisors LLC now owns 45,705 shares of the company’s stock valued at $71,000 after acquiring an additional 13,030 shares during the last quarter. Lake Hills Wealth Management LLC boosted its position in shares of Rekor Systems by 20.2% during the 4th quarter. Lake Hills Wealth Management LLC now owns 136,667 shares of the company’s stock valued at $213,000 after acquiring an additional 23,013 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Rekor Systems by 2.7% during the 4th quarter. SG Americas Securities LLC now owns 712,681 shares of the company’s stock valued at $1,112,000 after acquiring an additional 18,740 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Rekor Systems in the third quarter valued at about $41,000. Institutional investors and hedge funds own 45.71% of the company’s stock.

About Rekor Systems

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.