Short Interest in Rectitude Holdings Ltd. (NASDAQ:RECT) Grows By 6,789.7%

Rectitude Holdings Ltd. (NASDAQ:RECT) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 303,903 shares, an increase of 6,789.7% from the March 31st total of 4,411 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,763,438 shares, the days-to-cover ratio is currently 0.0 days.

Rectitude Stock Performance

Shares of RECT stock opened at $1.44 on Friday. The stock’s fifty day simple moving average is $1.40 and its 200 day simple moving average is $1.87. 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 has a one year low of $1.00 and a one year high of $5.21.

Rectitude (NASDAQ:RECT) last issued its quarterly earnings data on Saturday, March 21st. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $9.48 million during the quarter.

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.