Short Interest in Rectitude Holdings Ltd. (NASDAQ:RECT) Decreases By 37.9%
by Teresa Graham · The Cerbat GemRectitude Holdings Ltd. (NASDAQ:RECT – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 12,516 shares, a drop of 37.9% from the August 15th total of 20,145 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,968 shares, the short-interest ratio is presently 2.5 days.
Rectitude Stock Down 1.9%
Shares of NASDAQ:RECT traded down $0.03 during midday trading on Wednesday, reaching $1.27. The company’s stock had a trading volume of 611 shares, compared to its average volume of 770,899. Rectitude has a fifty-two week low of $0.96 and a fifty-two week high of $4.45. The company has a quick ratio of 1.93, a current ratio of 2.53 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $1.26 and a two-hundred day moving average price of $1.30.
Rectitude (NASDAQ:RECT – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.03 EPS for the quarter. The company had revenue of $10.47 million for the quarter.
Rectitude Announces Dividend
The business also recently declared a dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 7th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 4th.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut Rectitude from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rectitude currently has an average rating of “Sell”.
Get Our Latest Research Report on RECT
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. Rectitude Holdings Ltd is based in SINGAPORE.