Rectitude Holdings Ltd. (NASDAQ:RECT – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 20,145 shares, a growth of 141.2% from the July 30th total of 8,352 shares. Based on an average daily trading volume, of 101,033 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
Rectitude Stock Up 5.1%
Shares of NASDAQ RECT traded up $0.07 during mid-day trading on Friday, reaching $1.35. 7,517 shares of the company were exchanged, compared to its average volume of 826,620. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.53. Rectitude has a 52 week low of $0.96 and a 52 week high of $4.98. The company’s 50 day moving average price is $1.24 and its 200 day moving average price is $1.32.
Rectitude (NASDAQ:RECT – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $10.47 million during the quarter.
Rectitude Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Rectitude from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rectitude presently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on RECT
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. Rectitude Holdings Ltd is based in SINGAPORE.
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