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

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

Rectitude Stock Down 1.6%

Shares of NASDAQ RECT opened at $1.24 on Friday. The stock has a fifty day moving average price of $1.29 and a 200 day moving average price of $1.45. Rectitude has a 1-year low of $0.96 and a 1-year high of $5.00.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Rectitude from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.