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

Rectitude Holdings, Ltd. (NASDAQ:RECT) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 9,200 shares, a growth of 19.5% from the October 15th total of 7,700 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the company’s shares are sold short.

Rectitude Stock Performance

Shares of NASDAQ RECT traded down $0.06 during trading on Friday, hitting $3.44. The stock had a trading volume of 8,414 shares, compared to its average volume of 8,024. Rectitude has a 12 month low of $2.70 and a 12 month high of $4.25. The company’s fifty day moving average price is $3.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.37.

Institutional Investors Weigh In On Rectitude

An institutional investor recently bought a new position in Rectitude stock. Frank Rimerman Advisors LLC bought a new stake in shares of Rectitude Holdings, Ltd. (NASDAQ:RECT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,000 shares of the company’s stock, valued at approximately $46,000. Frank Rimerman Advisors LLC owned about 0.10% of Rectitude at the end of the most recent reporting period.

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.