Rectitude Holdings Ltd. (NASDAQ:RECT – Get Free Report) was the recipient of a large growth in short interest in 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 volume of 101,033 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Rectitude from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
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Rectitude Price Performance
Rectitude (NASDAQ:RECT – Get Free Report) last issued its quarterly 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 for the quarter.
Rectitude Dividend Announcement
The firm also recently declared a dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 4th.
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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