Short Interest in Rectitude Holdings Ltd. (NASDAQ:RECT) Declines By 40.8%

Rectitude Holdings Ltd. (NASDAQ:RECT – Get Free Report) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 41,358 shares, a decline of 40.8% from the April 30th total of 69,867 shares. Based on an average daily trading volume, of 25,938 shares, the short-interest ratio is currently 1.6 days. Approximately 0.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Rectitude from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Get Rectitude alerts:

Check Out Our Latest Analysis on RECT

Rectitude Stock Performance

NASDAQ RECT opened at $1.31 on Tuesday. The business’s 50 day moving average price is $1.34 and its 200-day moving average price is $1.57. Rectitude has a fifty-two week low of $1.00 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.25 and a quick ratio of 1.65.

Rectitude (NASDAQ:RECT – Get Free Report) last posted its quarterly earnings data on Saturday, March 21st. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $9.48 million for the quarter.

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.

Recommended Stories

• Five stocks we like better than Rectitude
• Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors
• Why 1 Little-Known ETF Is Riding the AI Chip Shortage
• Why These Three Big Buybacks Are Sending Very Different Signals to Investors
• Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name

Receive News & Ratings for Rectitude Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rectitude and related companies with MarketBeat.com's FREE daily email newsletter.