Rekor Systems, Inc. (NASDAQ:REKR) Short Interest Up 45.1% in December

Rekor Systems, Inc. (NASDAQ:REKR - Get Free Report) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 21,200,000 shares, an increase of 45.1% from the December 15th total of 14,610,000 shares. Based on an average trading volume of 3,940,000 shares, the days-to-cover ratio is presently 5.4 days.

Institutional Trading of Rekor Systems

Several large investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in Rekor Systems by 38.3% in the third quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company's stock valued at $40,000 after acquiring an additional 9,494 shares during the period. Lake Hills Wealth Management LLC lifted its stake in shares of Rekor Systems by 12.0% in the 3rd 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 period. SG Americas Securities LLC boosted its holdings in shares of Rekor Systems by 2.7% in the fourth quarter. SG Americas Securities LLC now owns 712,681 shares of the company's stock worth $1,112,000 after buying an additional 18,740 shares during the last quarter. LexAurum Advisors LLC bought a new stake in Rekor Systems during the third quarter valued at approximately $39,000. Finally, Virtu Financial LLC bought a new position in Rekor Systems in the third quarter worth approximately $41,000. Institutional investors own 45.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Rekor Systems Stock Performance

Shares of REKR stock traded up $0.06 during trading hours on Friday, reaching $1.60. The company had a trading volume of 5,345,492 shares, compared to its average volume of 10,298,368. 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 business has a fifty day moving average price of $1.16 and a 200-day moving average price of $1.29. Rekor Systems has a one year low of $0.78 and a one year high of $3.78. The firm has a market cap of $150.11 million, a PE ratio of -2.46 and a beta of 1.70.

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.

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