Rekor Systems, Inc. (NASDAQ:REKR) Short Interest Down 18.0% in January

Rekor Systems, Inc. (NASDAQ:REKR - Get Free Report) was the recipient of a significant drop in short interest during 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 volume of 5,460,000 shares, the short-interest ratio is currently 3.2 days.

Wall Street Analysts Forecast Growth

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

Rekor Systems Stock Up 8.4 %

Shares of NASDAQ REKR traded up $0.17 on Tuesday, reaching $2.20. 6,717,830 shares of the company's stock traded hands, compared to its average volume of 10,408,964. Rekor Systems has a 12 month low of $0.78 and a 12 month high of $3.15. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.37. The business's 50 day simple moving average is $1.35 and its two-hundred day simple moving average is $1.29. The company has a market cap of $206.40 million, a price-to-earnings ratio of -3.38 and a beta of 1.74.

Institutional Trading of Rekor Systems

A number of institutional investors and hedge funds have recently bought and sold shares of REKR. Rhumbline Advisers raised its position in Rekor Systems by 13.5% in the 4th quarter. Rhumbline Advisers now owns 61,435 shares of the company's stock worth $96,000 after buying an additional 7,315 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Rekor Systems by 38.3% during the third quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company's stock valued at $40,000 after purchasing an additional 9,494 shares during the period. Lake Hills Wealth Management LLC boosted its holdings in Rekor Systems by 12.0% in the third quarter. Lake Hills Wealth Management LLC now owns 113,654 shares of the company's stock worth $134,000 after purchasing an additional 12,166 shares during the last quarter. LexAurum Advisors LLC grew its position in Rekor Systems by 39.9% in the 4th quarter. LexAurum Advisors LLC now owns 45,705 shares of the company's stock worth $71,000 after purchasing an additional 13,030 shares during the period. Finally, SG Americas Securities LLC raised its stake in Rekor Systems by 2.7% during the 4th quarter. SG Americas Securities LLC now owns 712,681 shares of the company's stock valued at $1,112,000 after buying an additional 18,740 shares during the last quarter. 45.71% of the stock is currently owned by institutional investors.

About Rekor Systems

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.