Recon Technology, Ltd. (NASDAQ:RCON) Sees Significant Decrease in Short Interest

Recon Technology, Ltd. (NASDAQ:RCON) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 26,200 shares, a decrease of 67.3% from the September 15th total of 80,000 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 840,800 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 840,800 shares, the short-interest ratio is currently 0.0 days. Currently, 0.3% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Recon Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Recon Technology presently has a consensus rating of “Sell”.

Recon Technology Price Performance

Shares of NASDAQ:RCON opened at $1.78 on Friday. Recon Technology has a 1 year low of $1.40 and a 1 year high of $7.16. The business’s 50-day moving average is $2.16 and its 200-day moving average is $2.21.

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 components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.