Rectitude Holdings, Ltd. (NASDAQ:RECT) Short Interest Down 27.3% in February

Rectitude Holdings, Ltd. (NASDAQ:RECT) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 5,600 shares, a decline of 27.3% from the February 13th total of 7,700 shares. Based on an average trading volume of 16,200 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Rectitude Stock Performance

Rectitude stock traded down $0.03 during trading hours on Monday, hitting $3.66. 5,152 shares of the stock traded hands, compared to its average volume of 14,665. The firm’s 50-day moving average price is $5.38 and its two-hundred day moving average price is $4.59. Rectitude has a one year low of $2.70 and a one year high of $7.68.

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.