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

Rectitude Holdings, Ltd. (NASDAQ:RECT - Get Free Report) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 15,600 shares, a growth of 15.6% from the November 15th total of 13,500 shares. Approximately 0.7% of the company's stock are short sold. Based on an average daily volume of 14,600 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Rectitude

A hedge fund recently bought a new stake in Rectitude stock. Frank Rimerman Advisors LLC acquired a new position in Rectitude Holdings, Ltd. (NASDAQ:RECT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,000 shares of the company's stock, valued at approximately $46,000. Frank Rimerman Advisors LLC owned about 0.10% of Rectitude as of its most recent filing with the Securities and Exchange Commission (SEC).

Rectitude Stock Down 2.8 %

Rectitude stock traded down $0.17 during trading hours on Friday, hitting $5.90. The company had a trading volume of 10,837 shares, compared to its average volume of 25,074. Rectitude has a fifty-two week low of $2.70 and a fifty-two week high of $7.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 1.86. The company's fifty day moving average is $3.95.

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.