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

Rectitude Holdings, Ltd. (NASDAQ:RECT) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 4,900 shares, a decrease of 18.3% from the August 15th total of 6,000 shares. Based on an average daily volume of 39,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Rectitude

An institutional investor recently bought a new position in Rectitude stock. Frank Rimerman Advisors LLC bought a new position in Rectitude Holdings, Ltd. (NASDAQ:RECT) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,000 shares of the company’s stock, valued at approximately $46,000. Frank Rimerman Advisors LLC owned 0.10% of Rectitude at the end of the most recent quarter.

Rectitude Stock Up 6.2 %

NASDAQ RECT opened at $3.25 on Monday. Rectitude has a one year low of $2.70 and a one year high of $4.25. The stock has a 50-day simple moving average of $3.21.

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.