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

Recon Technology, Ltd. (NASDAQ:RCON) was the recipient of a large decrease in short interest in 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. Based on an average daily volume of 14,100 shares, the short-interest ratio is presently 2.3 days. Currently, 3.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Recon Technology in a research note on Thursday. They issued a “sell” rating for the company.

Recon Technology Stock Up 2.3 %

Shares of NASDAQ RCON 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. Recon Technology has a 1-year low of $1.26 and a 1-year high of $4.23. The company has a fifty day moving average price of $2.24 and a 200 day moving average price of $2.38.

Hedge Funds Weigh In On Recon Technology

A hedge fund recently bought a new stake in Recon Technology stock. Belvedere Trading LLC acquired a new position in shares of Recon Technology, Ltd. (NASDAQ:RCON) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent reporting period. 9.47% of the stock is currently owned by institutional investors.

About Recon Technology

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.