Rectitude Holdings, Ltd. (NASDAQ:RECT) Sees Significant Drop in Short Interest

Rectitude Holdings, Ltd. (NASDAQ:RECT) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 5,600 shares, a decrease of 27.3% from the February 13th total of 7,700 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 16,200 shares, the short-interest ratio is presently 0.3 days.

Rectitude Stock Performance

Shares of Rectitude stock traded down $0.12 during midday trading on Friday, hitting $3.69. The company’s stock had a trading volume of 34,509 shares, compared to its average volume of 14,878. Rectitude has a 1-year low of $2.70 and a 1-year high of $7.68. The stock has a 50-day simple moving average of $5.38 and a 200-day simple moving average of $4.58.

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.