Short Interest in Rekor Systems, Inc. (NASDAQ:REKR) Drops By 18.0%

Rekor Systems, Inc. (NASDAQ:REKR) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 17,380,000 shares, a drop of 18.0% from the December 31st total of 21,200,000 shares. Based on an average daily trading volume, of 5,460,000 shares, the short-interest ratio is currently 3.2 days.

Institutional Investors Weigh In On Rekor Systems

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in Rekor Systems during the 2nd quarter valued at about $363,000. Sanctuary Advisors LLC acquired a new stake in shares of Rekor Systems in the second quarter worth $582,000. SG Americas Securities LLC raised its holdings in shares of Rekor Systems by 3.2% during the third quarter. SG Americas Securities LLC now owns 693,941 shares of the company’s stock worth $819,000 after purchasing an additional 21,517 shares during the last quarter. Lake Hills Wealth Management LLC increased its holdings in shares of Rekor Systems by 12.0% during the 3rd quarter. Lake Hills Wealth Management LLC now owns 113,654 shares of the company’s stock valued at $134,000 after purchasing an additional 12,166 shares in the last quarter. Finally, LexAurum Advisors LLC acquired a new position in shares of Rekor Systems in the third quarter worth about $39,000. Hedge funds and other institutional investors own 45.71% of the company’s stock.

Analyst Ratings Changes

Separately, William Blair reissued an “outperform” rating on shares of Rekor Systems in a research note on Friday, November 15th.

Rekor Systems Price Performance

Shares of REKR stock remained flat at $2.03 during mid-day trading on Monday. 9,525,232 shares of the company’s stock traded hands, compared to its average volume of 10,581,780. Rekor Systems has a 1-year low of $0.78 and a 1-year high of $3.15. The stock has a market capitalization of $190.45 million, a PE ratio of -3.12 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76. The stock’s 50-day moving average price is $1.33 and its two-hundred day moving average price is $1.28.

Rekor Systems Company Profile

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.