Rectitude Holdings Ltd. (NASDAQ:RECT) Short Interest Down 45.2% in June

Rectitude Holdings Ltd. (NASDAQ:RECT) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 12,860 shares, a decline of 45.2% from the May 31st total of 23,485 shares. Based on an average daily volume of 16,757 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.

Rectitude Price Performance

NASDAQ:RECT traded down $0.02 during trading hours on Thursday, reaching $1.24. The company’s stock had a trading volume of 8,188 shares, compared to its average volume of 1,081,332. The firm has a 50-day simple moving average of $1.29 and a 200-day simple moving average of $1.45. Rectitude has a 1 year low of $0.96 and a 1 year high of $5.00.

Analysts Set New Price Targets

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

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.