Rectitude Holdings Ltd. (NASDAQ:RECT) Short Interest Update

Rectitude Holdings Ltd. (NASDAQ:RECT) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 8,048 shares, a decline of 37.9% from the December 31st total of 12,965 shares. Based on an average trading volume of 4,117 shares, the short-interest ratio is presently 2.0 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 4,117 shares, the short-interest ratio is presently 2.0 days.

Rectitude Price Performance

Shares of RECT stock traded down $0.08 on Friday, hitting $1.61. The stock had a trading volume of 3,922 shares, compared to its average volume of 5,530. Rectitude has a 52-week low of $1.30 and a 52-week high of $6.18. The stock’s 50 day moving average is $1.79 and its 200-day moving average is $3.06.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Rectitude in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus 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.