Rectitude Holdings Ltd. (NASDAQ:RECT) Short Interest Down 43.2% in May

Rectitude Holdings Ltd. (NASDAQ:RECT) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 23,485 shares, a decrease of 43.2% from the May 14th total of 41,358 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 33,780 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Rectitude from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Rectitude presently has an average rating of “Sell”.

Rectitude Stock Down 0.8%

RECT opened at $1.20 on Friday. The company has a fifty day moving average of $1.34 and a 200 day moving average of $1.52. Rectitude has a fifty-two week low of $0.96 and a fifty-two week high of $5.00. The company has a quick ratio of 1.65, a current ratio of 2.25 and a debt-to-equity ratio of 0.13.

Rectitude (NASDAQ:RECT) last posted its earnings results on Saturday, March 21st. The company reported $0.07 earnings per share for the quarter. The company had revenue of $9.48 million for the quarter.

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. Rectitude Holdings Ltd is based in SINGAPORE.