Short Interest in Rectitude Holdings, Ltd. (NASDAQ:RECT) Declines By 40.8%

Rectitude Holdings, Ltd. (NASDAQ:RECT) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 7,700 shares, a decrease of 40.8% from the January 31st total of 13,000 shares. Based on an average daily volume of 18,600 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

Rectitude Price Performance

Shares of NASDAQ RECT traded up $0.14 during mid-day trading on Tuesday, reaching $4.24. The company had a trading volume of 10,654 shares, compared to its average volume of 13,752. The stock has a fifty day moving average of $5.88 and a two-hundred day moving average of $4.53. Rectitude has a 12-month low of $2.70 and a 12-month high of $7.68.

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.