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

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Rekor Systems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LexAurum Advisors LLC purchased a new position in Rekor Systems during the third quarter valued at $39,000. BNP Paribas Financial Markets lifted its position in shares of Rekor Systems by 38.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company’s stock valued at $40,000 after buying an additional 9,494 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Rekor Systems during the 3rd quarter valued at approximately $41,000. Pure Portfolios Holdings LLC bought a new position in shares of Rekor Systems during the 3rd quarter valued at approximately $43,000. Finally, Rhumbline Advisers increased its holdings 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 acquiring an additional 7,315 shares in the last quarter. 45.71% of the stock is currently owned by hedge funds and other institutional investors.

Rekor Systems Price Performance

Shares of REKR remained flat at $2.03 on Monday. 9,525,232 shares of the company were exchanged, compared to its average volume of 10,581,780. Rekor Systems has a one year low of $0.78 and a one 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 quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $1.33 and its 200 day moving average price is $1.28.

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.