Short Interest Filing: Will Recon Tech Limited Ord (NASDAQ:RCON) Run Out of Steam Soon? Short Interest is Up

December 1, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Filing: Will Recon Tech Limited Ord (NASDAQ:RCON) Run Out of Steam Soon? Short Interest is Up

The stock of Recon Tech Limited Ord (NASDAQ:RCON) registered an increase of 49.25% in short interest. RCON’s total short interest was 10,000 shares in December as published by FINRA. Its up 49.25% from 6,700 shares, reported previously. With 17,100 shares average volume, it will take short sellers 1 days to cover their RCON’s short positions. The short interest to Recon Tech Limited Ord’s float is 0.26%. The stock increased 5.65% or $0.07 on November 30, hitting $1.31. Recon Technology, Ltd. (NASDAQ:RCON) has declined 1.49% since April 28, 2016 and is downtrending. It has underperformed by 7.42% the S&P500.

Recon Technology, Ltd. is a provider of hardware, software and on-site services to companies in the petroleum mining and extraction industry in China, the People’s Republic of China. The company has a market cap of $8.24 million. The Firm provides services designed to automate and enhance the extraction of petroleum. It currently has negative earnings. The Firm controls by contract the People’s Republic of China companies of Beijing BHD Petroleum Technology Co., Ltd. and Nanjing Recon Technology Co., Ltd.

Insitutional Activity: The institutional sentiment increased to Infinity in 2016 Q2. Its up Infinity, from 0 in 2016Q1. The ratio is positive, as 2 funds sold all Recon Technology, Ltd. shares owned while 1 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 24,939 shares or 11.93% less from 28,318 shares in 2016Q1.
Goldman Sachs Gru Incorporated Inc has 10,707 shares for 0% of their US portfolio. Moreover, Citadel Advsr Lc has 0% invested in Recon Technology, Ltd. (NASDAQ:RCON) for 14,232 shares.

RCON Company Profile

Recon Technology, Ltd., incorporated on August 21, 2007, is a well-known provider of hardware, software and on-site services to companies in the petroleum mining and extraction industry in China, the People’s Republic of China (PRC). The Firm provides services designed to automate the extraction of petroleum. The Firm controls by contract the People’s Republic of China companies of Beijing BHD Petroleum Technology Co., Ltd. (BHD) and Nanjing Recon Technology Co., Ltd. (Nanjing Recon) (collectively Domestic Companies). The Firm offers strategic management, financial control and human resources allocation for the Domestic Companies. Through its contractual relationships with the Domestic Companies, the Company provides equipment, tools and other hardware related to oilfield production and management, and develops and sells its specialized industrial automation control and information solutions. The Firm provides services and products to gas and oil field companies, which focus on the development and production of oil and natural gas. The Company’s services and products include Equipment for Oil and Gas Production and Transportation, Oil and Gas Production Improvement Techniques, and Automation System and Service.

More important recent Recon Technology, Ltd. (NASDAQ:RCON) news were published by: Equitiesfocus.com which released: “Recon Technology, Ltd. (NASDAQ:RCON) Quarterly EPS From Continuing Operations …” on October 30, 2016, also Prnewswire.com published article titled: “Recon Technology, Ltd. Signs Agreement with PetroChina’s Qinghai Oilfield to …”, Prnewswire.com published: “Recon Technology, Ltd. Reports First Quarter Fiscal Year 2017 Financial Results” on November 14, 2016. More interesting news about Recon Technology, Ltd. (NASDAQ:RCON) was released by: Thestreet.com and their article: “One Factor Bringing Recon Technology (RCON) Stock Up Today” with publication date: June 10, 2015.

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By Marguerite Chambers


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