Short Interest in Rectitude Holdings, Ltd. (NASDAQ:RECT) Rises By 126.5%

by · The Markets Daily

Rectitude Holdings, Ltd. (NASDAQ:RECT – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 7,700 shares, an increase of 126.5% from the September 30th total of 3,400 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is presently 0.7 days.

Rectitude Trading Down 2.1 %

NASDAQ RECT traded down $0.07 during trading on Friday, reaching $3.19. 3,579 shares of the company’s stock were exchanged, compared to its average volume of 18,307. The company has a current ratio of 1.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. Rectitude has a fifty-two week low of $2.70 and a fifty-two week high of $4.25. The stock has a fifty day moving average price of $3.23.

Institutional Trading of Rectitude

A hedge fund recently bought a new stake in Rectitude stock. Frank Rimerman Advisors LLC acquired a new stake in shares of Rectitude Holdings, Ltd. (NASDAQ:RECT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,000 shares of the company’s stock, valued at approximately $46,000. Frank Rimerman Advisors LLC owned about 0.10% of Rectitude at the end of the most recent quarter.

Rectitude Company Profile

(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.

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