Short Interest in Rectitude Holdings Ltd. (NASDAQ:RECT) Rises By 141.2%

Rectitude Holdings Ltd. (NASDAQ:RECTGet Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 20,145 shares, an increase of 141.2% from the July 30th total of 8,352 shares. Based on an average daily volume of 101,033 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Rectitude from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Analysis on RECT

Rectitude Trading Up 5.1%

Shares of Rectitude stock traded up $0.07 during trading hours on Friday, reaching $1.35. 8,195 shares of the company’s stock were exchanged, compared to its average volume of 53,040. Rectitude has a 1 year low of $0.96 and a 1 year high of $4.98. The business has a fifty day moving average of $1.24 and a two-hundred day moving average of $1.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.53 and a quick ratio of 1.93.

Rectitude (NASDAQ:RECTGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $10.47 million during the quarter.

Rectitude Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 7th will be given a $0.10 dividend. The ex-dividend date is Friday, September 4th.

Rectitude Company Profile

(Get Free Report)

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.

Further Reading

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