Rectitude Holdings, Ltd. (NASDAQ:RECT) Short Interest Up 19.5% in October

Rectitude Holdings, Ltd. (NASDAQ:RECT) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 9,200 shares, an increase of 19.5% from the October 15th total of 7,700 shares. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

Rectitude Stock Down 1.7 %

Shares of RECT traded down $0.06 during mid-day trading on Friday, hitting $3.44. The company’s stock had a trading volume of 8,414 shares, compared to its average volume of 16,964. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.37. Rectitude has a 1-year low of $2.70 and a 1-year high of $4.25. The business has a 50-day moving average of $3.28.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rectitude stock. Frank Rimerman Advisors LLC purchased a new position in shares of Rectitude Holdings, Ltd. (NASDAQ:RECT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,000 shares of the company’s stock, valued at approximately $46,000. Frank Rimerman Advisors LLC owned 0.10% of Rectitude as of its most recent SEC filing.

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.