Rekor Systems Inc (NASDAQ:REKR) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 227,300 shares, a decrease of 30.5% from the August 30th total of 326,900 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average trading volume of 578,200 shares, the short-interest ratio is presently 0.4 days.
Shares of NASDAQ:REKR traded up $0.15 during trading on Friday, reaching $2.20. The company had a trading volume of 72,491 shares, compared to its average volume of 125,364. The firm’s fifty day moving average is $2.65 and its 200 day moving average is $1.82. Rekor Systems has a twelve month low of $0.43 and a twelve month high of $5.44. The company has a current ratio of 1.26, a quick ratio of 1.24 and a debt-to-equity ratio of 13.86.
Rekor Systems (NASDAQ:REKR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.27) earnings per share for the quarter. The company had revenue of $12.33 million during the quarter. Rekor Systems had a negative return on equity of 1,028.10% and a negative net margin of 21.22%.
Separately, ValuEngine lowered shares of Rekor Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.
A hedge fund recently bought a new stake in Rekor Systems stock. Vanguard Group Inc. purchased a new position in Rekor Systems Inc (NASDAQ:REKR) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 17,584 shares of the company’s stock, valued at approximately $33,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.
About Rekor Systems
Rekor Systems, Inc, through its subsidiary, Rekor Recognition Systems, Inc, provides artificial intelligence and machine-learning enabled automated license plate recognition (ALPR) systems. Its ALPR systems are powered by OpenALPR software to enhance the accuracy of license plate reads to industry-leading levels, as well as to identify the make, model, and color of vehicles.
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