Rekor Systems, Inc. (NASDAQ:REKR) Short Interest Update

Rekor Systems, Inc. (NASDAQ:REKR - Get Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 17,380,000 shares, a decline 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 presently 3.2 days.

Hedge Funds Weigh In On Rekor Systems

A number of hedge funds have recently bought and sold shares of the business. State Street Corp grew its stake in shares of Rekor Systems by 14.7% in the third quarter. State Street Corp now owns 1,514,044 shares of the company's stock worth $1,787,000 after acquiring an additional 194,323 shares during the period. Barclays PLC boosted its holdings in Rekor Systems by 332.0% in the third quarter. Barclays PLC now owns 104,427 shares of the company's stock worth $123,000 after purchasing an additional 80,255 shares during the last quarter. Geode Capital Management LLC grew its position in Rekor Systems by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,813,380 shares of the company's stock worth $2,140,000 after purchasing an additional 94,907 shares during the period. Sanctuary Advisors LLC purchased a new stake in Rekor Systems during the 2nd quarter valued at $582,000. Finally, SG Americas Securities LLC lifted its holdings in shares of 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 period. Hedge funds and other institutional investors own 45.71% of the company's stock.

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Analyst Ratings Changes

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

Rekor Systems Stock Up 19.8 %

Shares of NASDAQ REKR traded up $0.44 during midday trading on Wednesday, hitting $2.64. The stock had a trading volume of 13,600,390 shares, compared to its average volume of 10,515,854. Rekor Systems has a 52 week low of $0.78 and a 52 week high of $3.13. The business's 50 day moving average is $1.38 and its 200-day moving average is $1.29. 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 company has a market cap of $247.22 million, a P/E ratio of -4.05 and a beta of 1.74.

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.