Short Interest in Rectitude Holdings, Ltd. (NASDAQ:RECT) Decreases By 40.8%

Rectitude Holdings, Ltd. (NASDAQ:RECT) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 7,700 shares, a drop of 40.8% from the January 31st total of 13,000 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 18,600 shares, the short-interest ratio is currently 0.4 days.

Rectitude Price Performance

NASDAQ:RECT traded up $0.31 on Monday, hitting $4.10. The company’s stock had a trading volume of 11,612 shares, compared to its average volume of 13,830. Rectitude has a one year low of $2.70 and a one year high of $7.68. The stock has a fifty day moving average of $5.88 and a two-hundred day moving average of $4.53.

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.