Short Interest in Raytech Holding Ltd. (NASDAQ:RAY) Drops By 35.0%

Raytech Holding Ltd. (NASDAQ:RAYGet Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 13,200 shares, a drop of 35.0% from the February 13th total of 20,300 shares. Based on an average trading volume of 1,700,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.4% of the company’s shares are sold short.

Raytech Stock Performance

Shares of NASDAQ:RAY traded down $0.18 during trading on Friday, reaching $1.22. 551,643 shares of the company were exchanged, compared to its average volume of 650,996. The business’s fifty day simple moving average is $1.20 and its 200-day simple moving average is $1.46. Raytech has a 12-month low of $0.86 and a 12-month 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.

Further Reading

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