Short Interest in Rectitude Holdings Ltd. (NASDAQ:RECT) Declines By 37.9%

Rectitude Holdings Ltd. (NASDAQ:RECTGet Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 12,516 shares, a decline of 37.9% from the August 15th total of 20,145 shares. Based on an average trading volume of 4,968 shares, the short-interest ratio is currently 2.5 days. Currently, 0.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Rectitude from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

View Our Latest Stock Analysis on RECT

Rectitude Price Performance

Shares of NASDAQ RECT traded down $0.03 during mid-day trading on Wednesday, hitting $1.27. 611 shares of the stock traded hands, compared to its average volume of 770,899. The company has a current ratio of 2.53, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. Rectitude has a twelve month low of $0.96 and a twelve month high of $4.45. The firm has a 50 day simple moving average of $1.26 and a two-hundred day simple moving average of $1.30.

Rectitude (NASDAQ:RECTGet Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $10.47 million during the quarter.

Rectitude Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 7th will be issued a $0.10 dividend. The ex-dividend date is Friday, September 4th.

About Rectitude

(Get Free Report)

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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