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

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

Rectitude Price Performance

NASDAQ:RECT traded down $0.08 during mid-day trading on Friday, reaching $1.61. The company’s stock had a trading volume of 3,922 shares, compared to its average volume of 5,729. The firm’s fifty day moving average price is $1.79 and its two-hundred day moving average price is $3.09. Rectitude has a 12-month low of $1.30 and a 12-month high of $6.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Rectitude in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.