Rectitude Holdings, Ltd. (NASDAQ:RECT) Short Interest Down 27.3% in February

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

Rectitude Price Performance

NASDAQ:RECT traded down $0.03 during trading hours on Monday, hitting $3.66. 5,152 shares of the company’s stock traded hands, compared to its average volume of 14,665. Rectitude has a 52 week low of $2.70 and a 52 week high of $7.68. The business’s fifty day simple moving average is $5.38 and its two-hundred day simple moving average is $4.59.

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.