Rectitude Holdings Ltd. (NASDAQ:RECT) Sees Large Decrease in Short Interest

Rectitude Holdings Ltd. (NASDAQ:RECT) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 16,159 shares, a decline of 52.0% from the November 30th total of 33,694 shares. Based on an average trading volume of 10,244 shares, the short-interest ratio is presently 1.6 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 10,244 shares, the short-interest ratio is presently 1.6 days.

Rectitude Trading Down 3.9%

NASDAQ RECT traded down $0.07 during trading on Monday, reaching $1.64. 8,705 shares of the company’s stock traded hands, compared to its average volume of 93,039. Rectitude has a 12-month low of $1.50 and a 12-month high of $7.30. The company has a current ratio of 2.26, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14. The company’s 50 day simple moving average is $2.16 and its two-hundred day simple moving average is $3.59.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rectitude in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Rectitude

Rectitude Holdings Ltd is principally involved in the provision of safety equipment, encompassing essential items such as personal protective clothing, gloves, safety footwear, personal fall arrest systems, portable fire extinguishers and traffic products. The Company also offers auxiliary products such as industrial hardware tools and electrical hardware required for construction sites. Rectitude Holdings Ltd is based in SINGAPORE.