Raytech Holding Ltd. (NASDAQ:RAY) Sees Significant Increase in Short Interest

Raytech Holding Ltd. (NASDAQ:RAYGet Free Report) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 214,200 shares, a growth of 1,522.7% from the February 28th total of 13,200 shares. Approximately 6.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,160,000 shares, the days-to-cover ratio is currently 0.1 days.

Raytech Stock Performance

RAY remained flat at $1.94 during midday trading on Wednesday. 4,122,238 shares of the company’s stock traded hands, compared to its average volume of 746,301. The firm has a 50 day moving average of $1.20 and a 200-day moving average of $1.43. Raytech has a 1-year low of $0.86 and a 1-year high of $6.04.

Raytech Company Profile

(Get Free Report)

Raytech Holding Limited company specializes in design, sourcing and wholesale of personal care electrical appliances for international brand owners. Raytech Holding Limited is based in Hong Kong.

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