Rekor Systems, Inc. (NASDAQ:REKR) Sees Significant Decline in Short Interest

Rekor Systems, Inc. (NASDAQ:REKR - Get Free Report) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 10,240,000 shares, a decrease of 19.4% from the March 31st total of 12,700,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is presently 8.4 days.

Rekor Systems Price Performance

NASDAQ REKR traded up $0.04 on Friday, hitting $1.79. The stock had a trading volume of 411,171 shares, compared to its average volume of 990,546. Rekor Systems has a 52-week low of $1.06 and a 52-week high of $4.15. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.29 and a current ratio of 1.47. The company has a market capitalization of $152.72 million, a price-to-earnings ratio of -2.45 and a beta of 2.12. The firm has a 50-day moving average of $2.15 and a 200-day moving average of $2.69.

Rekor Systems (NASDAQ:REKR - Get Free Report) last issued its quarterly earnings results on Monday, March 25th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05). The company had revenue of $11.07 million during the quarter, compared to the consensus estimate of $10.72 million. Rekor Systems had a negative return on equity of 106.96% and a negative net margin of 130.78%. Equities analysts expect that Rekor Systems will post -0.28 EPS for the current year.

Analysts Set New Price Targets

Separately, William Blair reiterated an "outperform" rating on shares of Rekor Systems in a research note on Tuesday, March 26th.

Hedge Funds Weigh In On Rekor Systems

Institutional investors have recently made changes to their positions in the stock. Grimes & Company Inc. grew its holdings in shares of Rekor Systems by 65.0% during the 4th quarter. Grimes & Company Inc. now owns 16,500 shares of the company's stock valued at $55,000 after purchasing an additional 6,500 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Rekor Systems by 233.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 10,000 shares of the company's stock valued at $28,000 after purchasing an additional 7,000 shares during the last quarter. Red Door Wealth Management LLC grew its holdings in shares of Rekor Systems by 50.0% during the 4th quarter. Red Door Wealth Management LLC now owns 24,000 shares of the company's stock valued at $80,000 after purchasing an additional 8,000 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Rekor Systems by 42.4% during the 4th quarter. SG Americas Securities LLC now owns 35,613 shares of the company's stock valued at $119,000 after purchasing an additional 10,610 shares during the last quarter. Finally, Coombe Bender & Co LLC grew its holdings in shares of Rekor Systems by 6.6% during the 4th quarter. Coombe Bender & Co LLC now owns 171,152 shares of the company's stock valued at $570,000 after purchasing an additional 10,650 shares during the last quarter. Institutional investors own 45.71% of the company's stock.

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.