Rekor Systems, Inc. (NASDAQ:REKR) Short Interest Down 19.4% in April

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

Institutional Trading of Rekor Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Grimes & Company Inc. raised its position in shares of Rekor Systems by 65.0% in the fourth 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 period. Parkside Financial Bank & Trust lifted its position in Rekor Systems by 233.3% during the third quarter. Parkside Financial Bank & Trust now owns 10,000 shares of the company’s stock worth $28,000 after acquiring an additional 7,000 shares during the last quarter. Red Door Wealth Management LLC boosted its holdings in shares of Rekor Systems by 50.0% during the fourth quarter. Red Door Wealth Management LLC now owns 24,000 shares of the company’s stock worth $80,000 after acquiring an additional 8,000 shares during the period. SG Americas Securities LLC grew its position in shares of Rekor Systems by 42.4% in the fourth 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 lifted its holdings in Rekor Systems by 6.6% during the 4th quarter. Coombe Bender & Co LLC now owns 171,152 shares of the company’s stock worth $570,000 after purchasing an additional 10,650 shares during the last quarter. Institutional investors own 45.71% of the company’s stock.

Rekor Systems Stock Up 2.5 %

REKR traded up $0.04 during trading on Monday, reaching $1.84. 456,944 shares of the stock were exchanged, compared to its average volume of 1,153,496. 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 stock’s 50 day moving average price is $2.14 and its two-hundred day moving average price is $2.68. Rekor Systems has a twelve month low of $1.06 and a twelve month high of $4.15. The stock has a market cap of $156.57 million, a P/E ratio of -2.51 and a beta of 2.12.

Rekor Systems (NASDAQ:REKR) last released its quarterly earnings data on Monday, March 25th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $11.07 million for the quarter, compared to analyst estimates 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 reaffirmed an “outperform” rating on shares of Rekor Systems in a research report on Tuesday, March 26th.

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.