Rectitude Holdings Ltd. (NASDAQ:RECT) Short Interest Update

Rectitude Holdings Ltd. (NASDAQ:RECT) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 12,965 shares, a decrease of 19.8% from the December 15th total of 16,159 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 17,075 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 17,075 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Rectitude Price Performance

Rectitude stock opened at $1.72 on Wednesday. The firm has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $3.24. Rectitude has a twelve month low of $1.50 and a twelve month high of $6.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Rectitude in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rectitude has an average rating of “Sell”.

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. Rectitude Holdings Ltd is based in SINGAPORE.