Rectitude Holdings Ltd. (NASDAQ:RECT) Short Interest Up 6,789.7% in April

Rectitude Holdings Ltd. (NASDAQ:RECT) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 303,903 shares, an increase of 6,789.7% from the March 31st total of 4,411 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average trading volume of 12,763,438 shares, the days-to-cover ratio is presently 0.0 days.

Rectitude Trading Up 6.7%

Shares of NASDAQ:RECT traded up $0.09 during trading on Friday, reaching $1.44. 76,223 shares of the company were exchanged, compared to its average volume of 1,718,847. The business’s fifty day simple moving average is $1.40 and its 200-day simple moving average is $1.89. Rectitude has a 12-month low of $1.00 and a 12-month high of $5.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.65 and a current ratio of 2.25.

Rectitude (NASDAQ:RECT) last issued its earnings results on Saturday, March 21st. The company reported $0.07 EPS for the quarter. The company had revenue of $9.48 million for the quarter.

Rectitude Company Profile

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.