Rectitude Holdings, Ltd. (NASDAQ:RECT) Short Interest Down 40.8% in February

Rectitude Holdings, Ltd. (NASDAQ:RECT) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 7,700 shares, a decrease of 40.8% from the January 31st total of 13,000 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Rectitude Trading Down 8.5 %

Shares of NASDAQ RECT traded down $0.35 during midday trading on Friday, hitting $3.79. The company’s stock had a trading volume of 14,521 shares, compared to its average volume of 13,888. Rectitude has a 12-month low of $2.70 and a 12-month high of $7.68. The business’s 50 day moving average is $5.92 and its two-hundred day moving average is $4.51.

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.