Recon Technology, Ltd. (NASDAQ:RCON) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 660,800 shares, a decline of 27.6% from the March 31st total of 912,500 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average trading volume of 2,050,000 shares, the short-interest ratio is presently 0.3 days.
Shares of NASDAQ:RCON traded up $0.30 during trading on Tuesday, hitting $9.05. The company’s stock had a trading volume of 9,012 shares, compared to its average volume of 1,820,298. The business has a 50 day moving average price of $6.50 and a two-hundred day moving average price of $2.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.95 and a current ratio of 1.98. Recon Technology has a fifty-two week low of $0.75 and a fifty-two week high of $9.70.
An institutional investor recently bought a new position in Recon Technology stock. Virtu Financial LLC bought a new position in shares of Recon Technology, Ltd. (NASDAQ:RCON) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,445 shares of the oil and gas company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.49% of Recon Technology at the end of the most recent quarter. Institutional investors own 1.47% of the company’s stock.
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 hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions.
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