Rectitude Holdings, Ltd. (NASDAQ:RECT) Short Interest Down 58.9% in January

Rectitude Holdings, Ltd. (NASDAQ:RECT) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 10,200 shares, a decrease of 58.9% from the December 31st total of 24,800 shares. Based on an average trading volume of 17,400 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

Rectitude Price Performance

Shares of RECT traded down $0.07 during mid-day trading on Tuesday, hitting $6.32. The company’s stock had a trading volume of 710 shares, compared to its average volume of 20,887. The company’s 50-day moving average is $6.01 and its 200-day moving average is $4.22. Rectitude has a 52-week low of $2.70 and a 52-week high of $7.68.

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.