Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Down 20.1% in January

Recon Technology, Ltd. (NASDAQ:RCON) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 24,700 shares, a decline of 20.1% from the January 15th total of 30,900 shares. Based on an average daily trading volume, of 9,700 shares, the short-interest ratio is presently 2.5 days. Approximately 2.5% of the shares of the stock are sold short.

Recon Technology Trading Up 0.5 %

Shares of RCON traded up $0.01 during midday trading on Friday, reaching $2.09. The stock had a trading volume of 1,449 shares, compared to its average volume of 5,683. The company has a quick ratio of 10.64, a current ratio of 10.67 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average price is $2.21 and its 200-day moving average price is $2.48. Recon Technology has a 52 week low of $1.26 and a 52 week high of $3.70.

Hedge Funds Weigh In On Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC bought a new position in Recon Technology, Ltd. (NASDAQ:RCON) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned about 0.21% of Recon Technology as of its most recent SEC filing. 9.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Recon Technology in a research note on Sunday, February 9th. They issued a “sell” rating on the stock.

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.