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

Rectitude Holdings Ltd. (NASDAQ:RECT) saw a significant decrease in short interest in the month of 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 10,244 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 10,244 shares, the short-interest ratio is presently 1.6 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Rectitude Price Performance

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

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.