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

Rectitude Holdings, Ltd. (NASDAQ:RECT - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 5,600 shares, a decline of 27.3% from the February 13th total of 7,700 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 16,200 shares, the short-interest ratio is currently 0.3 days.

Rectitude Price Performance

RECT traded down $0.05 on Thursday, hitting $3.83. 3,489 shares of the company's stock were exchanged, compared to its average volume of 22,394. The stock has a fifty day moving average of $5.13 and a two-hundred day moving average of $4.59. Rectitude has a twelve month low of $2.70 and a twelve month high of $7.68.

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.