Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Down 22.2% in March

Recon Technology, Ltd. (NASDAQ:RCON) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 14,700 shares, a decline of 22.2% from the February 28th total of 18,900 shares. Based on an average daily volume of 7,300 shares, the short-interest ratio is currently 2.0 days. Currently, 1.5% of the shares of the stock are short sold.

Recon Technology Stock Up 7.4 %

Shares of RCON traded up $0.12 during trading hours on Tuesday, hitting $1.66. 4,237 shares of the stock were exchanged, compared to its average volume of 36,382. The stock’s 50-day moving average price is $1.91 and its two-hundred day moving average price is $2.34. Recon Technology has a 12-month low of $1.26 and a 12-month high of $3.70. The company has a quick ratio of 10.64, a current ratio of 10.67 and a debt-to-equity ratio of 0.02.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Recon Technology in a report on Saturday. 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.