Short Interest in Rectitude Holdings, Ltd. (NASDAQ:RECT) Decreases By 58.9%

Rectitude Holdings, Ltd. (NASDAQ:RECT - Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 10,200 shares, a drop of 58.9% from the December 15th total of 24,800 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 17,400 shares, the short-interest ratio is presently 0.6 days.

Rectitude Price Performance

Shares of RECT stock traded down $0.04 during midday trading on Monday, reaching $6.92. 38,603 shares of the company were exchanged, compared to its average volume of 31,529. The company's 50 day moving average price is $5.37 and its two-hundred day moving average price is $3.99. Rectitude has a 12 month low of $2.70 and a 12 month high of $7.68. The company has a quick ratio of 1.37, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Rectitude

An institutional investor recently bought a new position in Rectitude stock. Frank Rimerman Advisors LLC acquired a new position in Rectitude Holdings, Ltd. (NASDAQ:RECT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,000 shares of the company's stock, valued at approximately $46,000. Frank Rimerman Advisors LLC owned about 0.10% of Rectitude at the end of the most recent reporting period.

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.