Short Interest in Rectitude Holdings Ltd. (NASDAQ:RECT) Declines By 45.2%

Rectitude Holdings Ltd. (NASDAQ:RECT) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 12,860 shares, a decline of 45.2% from the May 31st total of 23,485 shares. Based on an average daily volume of 16,757 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings cut Rectitude from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Rectitude Price Performance

NASDAQ:RECT traded up $0.01 on Wednesday, reaching $1.25. 5,845 shares of the stock traded hands, compared to its average volume of 1,089,987. The company has a quick ratio of 1.65, a current ratio of 2.25 and a debt-to-equity ratio of 0.13. Rectitude has a 12 month low of $0.96 and a 12 month high of $5.00. The company’s fifty day simple moving average is $1.30 and its 200 day simple moving average is $1.46.

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. Rectitude Holdings Ltd is based in SINGAPORE.