Rectitude Holdings Ltd. (NASDAQ:RECT) Short Interest Up 6,789.7% in April

Rectitude Holdings Ltd. (NASDAQ:RECT) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 303,903 shares, an increase of 6,789.7% from the March 31st total of 4,411 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 12,763,438 shares, the days-to-cover ratio is presently 0.0 days.

Rectitude Price Performance

RECT stock traded up $0.09 during trading on Friday, hitting $1.44. 76,223 shares of the company’s stock traded hands, compared to its average volume of 1,718,847. The business has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $1.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.65 and a current ratio of 2.25. Rectitude has a 1 year low of $1.00 and a 1 year high of $5.21.

Rectitude (NASDAQ:RECT) last issued its quarterly earnings data on Saturday, March 21st. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $9.48 million for the quarter.

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.