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

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

Rectitude Stock Up 1.0 %

RECT traded up $0.04 on Tuesday, reaching $3.76. The company had a trading volume of 343 shares, compared to its average volume of 22,610. The company’s fifty day moving average is $5.31 and its 200 day moving average is $4.60. Rectitude has a fifty-two week low of $2.70 and a fifty-two week high of $7.68.

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.