Rectitude Holdings Ltd. (NASDAQ:RECT) Short Interest Down 37.9% in August

Rectitude Holdings Ltd. (NASDAQ:RECTGet Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 12,516 shares, a decline of 37.9% from the August 15th total of 20,145 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 4,968 shares, the short-interest ratio is presently 2.5 days.

Rectitude Stock Performance

Shares of NASDAQ RECT traded up $0.01 during trading on Thursday, reaching $1.30. 1,863 shares of the company traded hands, compared to its average volume of 766,589. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.53. Rectitude has a 52-week low of $0.96 and a 52-week high of $4.45. The firm has a 50 day simple moving average of $1.26 and a 200-day simple moving average of $1.30.

Rectitude (NASDAQ:RECTGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $10.47 million for the quarter.

Rectitude Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 4th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Rectitude from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Read Our Latest Stock Report on RECT

About Rectitude

(Get Free Report)

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.

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