Short Interest in Rectitude Holdings, Ltd. (NASDAQ:RECT) Expands By 15.6%

Rectitude Holdings, Ltd. (NASDAQ:RECT) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 15,600 shares, an increase of 15.6% from the November 15th total of 13,500 shares. Based on an average trading volume of 14,600 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the company’s shares are sold short.

Rectitude Trading Up 4.9 %

NASDAQ:RECT opened at $6.19 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.37. Rectitude has a twelve month low of $2.70 and a twelve month high of $7.47. The company has a fifty day moving average of $4.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rectitude stock. Frank Rimerman Advisors LLC acquired a new position in Rectitude Holdings, Ltd. (NASDAQ:RECT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,000 shares of the company’s stock, valued at approximately $46,000. Frank Rimerman Advisors LLC owned approximately 0.10% of Rectitude as of its most recent filing with the Securities and Exchange Commission.

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.