Rectitude Holdings, Ltd. (NASDAQ:RECT) Short Interest Down 17.9% in March

Rectitude Holdings, Ltd. (NASDAQ:RECT) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 4,600 shares, a drop of 17.9% from the February 28th total of 5,600 shares. Based on an average trading volume of 14,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Rectitude Stock Performance

NASDAQ:RECT traded down $0.15 during trading hours on Thursday, hitting $3.99. The company had a trading volume of 1,519 shares, compared to its average volume of 21,655. The stock has a 50-day moving average price of $4.65 and a 200 day moving average price of $4.65. Rectitude has a 52 week low of $2.70 and a 52 week 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.