Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Update

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 32,400 shares, a decline of 17.8% from the December 15th total of 39,400 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC acquired a new stake in shares of Recon Technology, Ltd. (NASDAQ:RCON) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned approximately 0.21% of Recon Technology as of its most recent SEC filing. Hedge funds and other institutional investors own 9.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Recon Technology in a report on Thursday. They set a “sell” rating for the company.

Recon Technology Trading Up 9.4 %

Shares of NASDAQ:RCON traded up $0.21 on Friday, hitting $2.45. The company had a trading volume of 1,888 shares, compared to its average volume of 7,852. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.67 and a quick ratio of 10.64. Recon Technology has a 1-year low of $1.26 and a 1-year high of $4.23. The stock has a 50 day moving average price of $2.23 and a 200 day moving average price of $2.39.

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.