Recon Technology, Ltd. (NASDAQ:RCON – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 37,500 shares, an increase of 27.6% from the May 15th total of 29,400 shares. Based on an average daily volume of 80,300 shares, the short-interest ratio is presently 0.5 days.
Recon Technology Stock Down 5.0 %
NASDAQ:RCON traded down $0.07 during trading hours on Friday, hitting $1.34. 2,806 shares of the company were exchanged, compared to its average volume of 50,650. Recon Technology has a one year low of $1.26 and a one year high of $7.56. The company has a fifty day simple moving average of $1.72 and a 200 day simple moving average of $2.93.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on Recon Technology in a research report on Friday. They set a “sell” rating for the company.
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.
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