Rectitude Holdings, Ltd. (NASDAQ:RECT) Sees Large Decrease in Short Interest

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

Rectitude Stock Down 3.6 %

Shares of Rectitude stock traded down $0.15 during trading on Thursday, hitting $3.99. The company’s stock had a trading volume of 1,519 shares, compared to its average volume of 21,655. Rectitude has a 52 week low of $2.70 and a 52 week high of $7.68. The company has a fifty day simple moving average of $4.65 and a two-hundred day simple moving average of $4.65.

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.