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

Rectitude Holdings, Ltd. (NASDAQ:RECT) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 4,600 shares, a decline of 17.9% from the February 28th total of 5,600 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 14,300 shares, the days-to-cover ratio is currently 0.3 days.

Rectitude Trading Down 2.2 %

Shares of RECT traded down $0.09 on Tuesday, reaching $3.91. 2,675 shares of the company’s stock were exchanged, compared to its average volume of 21,849. Rectitude has a 12 month low of $2.70 and a 12 month high of $7.68. The business has a 50 day moving average price of $4.74 and a two-hundred day moving average price of $4.65.

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.