Erayak Power Solution Group Inc. (NASDAQ:RAYA – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 45,518 shares, a growth of 2,388.7% from the August 31st total of 1,829 shares. Based on an average trading volume of 272,178 shares, the short-interest ratio is currently 0.2 days. Approximately 9.6% of the company’s shares are sold short.
Erayak Power Solution Group Stock Up 0.5%
Erayak Power Solution Group stock traded up $0.01 during midday trading on Friday, reaching $1.95. The stock had a trading volume of 3,379 shares, compared to its average volume of 341,418. The stock’s 50-day simple moving average is $2.31 and its 200 day simple moving average is $3.53. Erayak Power Solution Group has a twelve month low of $1.65 and a twelve month high of $112.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 1.62.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Erayak Power Solution Group in a research report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
About Erayak Power Solution Group
Erayak Power Solution Group Inc is a China-based provider of power supply products and related solutions. Through its operating subsidiaries, the company designs, develops, manufactures and sells equipment intended for residential, commercial and outdoor use.
Its product portfolio includes portable power stations, gasoline-powered generators, variable-frequency generators, battery products and smart chargers. Erayak also develops customized power-related products for customers and markets its offerings under its own brands and through third-party sales channels.
Founded in 2010, the company serves customers in China and international markets through online and other distribution channels.
Featured Stories
- Five stocks we like better than Erayak Power Solution Group
- BlackBerry Shifts Gears With Coretura Deal
- NVIDIA’s Next AI Chip Ramp Could Open the Door to Another Major Stock Move
- Super Micro’s Vera Rubin Shipments Put Its AI Infrastructure Advantage to the Test
- Cintas Raises Guidance as a Major Catalyst Moves Closer
Receive News & Ratings for Erayak Power Solution Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Erayak Power Solution Group and related companies with MarketBeat.com's FREE daily email newsletter.
