Recon Technology, Ltd. (NASDAQ:RCON) Short Interest Down 17.8% in December

Recon Technology, Ltd. (NASDAQ:RCON) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 32,400 shares, a decrease 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 trading volume, of 14,100 shares, the short-interest ratio is currently 2.3 days.

Recon Technology Stock Up 2.3 %

Shares of RCON stock opened at $2.24 on Friday. 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 is $2.24 and its 200-day moving average is $2.38. Recon Technology has a 52-week low of $1.26 and a 52-week high of $4.23.

Institutional Investors Weigh In On Recon Technology

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

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Recon Technology in a research note on Thursday. 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.