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

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

Rectitude Stock Performance

Shares of Rectitude stock opened at $1.70 on Friday. The firm has a fifty day moving average price of $2.16 and a 200 day moving average price of $3.61. Rectitude has a 1 year low of $1.50 and a 1 year high of $7.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.26 and a quick ratio of 1.64.

Wall Street Analysts Forecast Growth

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

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.