Rectitude Holdings Ltd. (NASDAQ:RECT) Short Interest Update

Key Points

• Short interest in Rectitude Holdings Ltd. dropped by 40.8% in September, with a total of 2,900 shares shorted as of September 15th.
• The company's stock price is currently down 2.6% trading at $3.78, with a 12-month low of $2.78 and a high of $7.68.
• Weiss Ratings has reissued a "sell" rating for Rectitude, contributing to a consensus rating of "Sell" among analysts.

Rectitude Holdings Ltd. (NASDAQ:RECT - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,900 shares, a drop of 40.8% from the August 31st total of 4,900 shares. Based on an average daily trading volume, of 10,300 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company's shares are short sold. Approximately 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 10,300 shares, the short-interest ratio is currently 0.3 days.

Rectitude Stock Down 2.6%

Shares of NASDAQ:RECT opened at $3.78 on Friday. The stock's 50-day moving average price is $4.29 and its two-hundred day moving average price is $4.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.26 and a quick ratio of 1.64. Rectitude has a 12-month low of $2.78 and a 12-month high of $7.68.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Rectitude in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rectitude presently has a consensus rating of "Sell".

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.

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