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

by · The Markets Daily

Rectitude Holdings Ltd. (NASDAQ:RECT – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 41,358 shares, a decrease of 40.8% from the April 30th total of 69,867 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 25,938 shares, the days-to-cover ratio is currently 1.6 days.

Rectitude Stock Down 0.8%

Shares of NASDAQ:RECT opened at $1.31 on Tuesday. The business’s 50-day moving average is $1.34 and its 200 day moving average is $1.57. Rectitude has a 1 year low of $1.00 and a 1 year high of $5.00. The company has a quick ratio of 1.65, a current ratio of 2.25 and a debt-to-equity ratio of 0.13.

Rectitude (NASDAQ:RECT – Get Free Report) last announced its earnings results on Saturday, March 21st. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $9.48 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Rectitude from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on Rectitude

Rectitude Company Profile

(Get Free Report)

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. Rectitude Holdings Ltd is based in SINGAPORE.

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