(RCON) - Analyzing Recon Technology's Short Interest
Portfolio Pulse from Benzinga Insights
Recon Technology's (NYSE:RCON) short interest has risen by 6.06%, with 27,000 shares sold short, representing 0.35% of its float. This increase in short interest could indicate bearish sentiment among investors. However, RCON's short interest is still lower than its peer group average of 3.22%.
July 15, 2024 | 1:00 pm
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Recon Technology's short interest has increased by 6.06%, now at 0.35% of its float. This could indicate bearish sentiment, but it's still below the peer group average of 3.22%.
The increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still lower than the peer group average, which may mitigate some of the negative impact.
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IMPORTANCE 70
RELEVANCE 100