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

Rectitude Holdings, Ltd. (NASDAQ:RECT) saw a large 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. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 16,200 shares, the short-interest ratio is currently 0.3 days.

Rectitude Stock Up 1.0 %

Shares of RECT stock traded up $0.04 on Tuesday, reaching $3.76. The stock had a trading volume of 343 shares, compared to its average volume of 22,610. The firm’s 50-day moving average is $5.31 and its two-hundred day moving average is $4.60. Rectitude has a 12 month low of $2.70 and a 12 month high of $7.68.

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.