Recon Technology Ltd. experienced a 20.8% decrease in short interest in March, with the short interest totaling 863,100. Institutional investor Renaissance Technologies LLC raised its position in Recon Technology by 10.7% during the first quarter, owning about 2.32% of the company’s worth, or $745,000, at the end of the most recent reporting period. StockNews.com recently initiated coverage of Recon Technology’s shares, assigning a “sell” rating on March 24th. Recon Technology mainly offers oilfield specialized equipment, automation systems, tools, chemicals, and field services to petroleum firms operating in China.
Recon Technology sees short interest drop 20.8% in March
Recon Technology, Ltd. (NASDAQ:RCON) experienced a 20.8% decrease in short interest during March. The short interest totaled 863,100 as of March 15th. Additionally, institutional investor Renaissance Technologies LLC increased its stake in Recon Technology by 10.7% during the first quarter. The company’s disclosure with the Securities and Exchange Commission showed that Renaissance Technologies LLC owned about 2.32% of Recon Technology’s worth, amounting to $745,000 at the end of the reporting period. Institutional investors and hedge funds owned 7.73% of the company’s stock.
StockNews.com initiated coverage on Recon Technology’s shares and assigned a “sell” rating on March 24th. As of Wednesday, RCON stock opened at $0.30, with a 52-week high of $2.13 and a 52-week low of $0.28. Recon Technology’s segments include automation product and software, equipment and accessories, oilfield environmental protection, and platform outsourcing services. The company mainly offers oilfield specialized equipment, automation systems, tools, chemicals, and field services to petroleum firms operating in China.
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