Rectitude Holdings Ltd. (NASDAQ:RECT) Short Interest Down 19.8% in December

Rectitude Holdings Ltd. (NASDAQ:RECT) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 12,965 shares, a decline of 19.8% from the December 15th total of 16,159 shares. Based on an average daily trading volume, of 17,075 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,075 shares, the days-to-cover ratio is presently 0.8 days.

Rectitude Stock Performance

Shares of RECT traded down $0.02 on Monday, reaching $1.73. The stock had a trading volume of 2,037 shares, compared to its average volume of 10,026. The firm has a 50-day moving average of $1.88 and a 200 day moving average of $3.28. Rectitude has a twelve month low of $1.50 and a twelve month high of $6.99.

Analyst Upgrades and Downgrades

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