Raytech Holding Limited (NASDAQ:RAY) Sees Large Drop in Short Interest

Raytech Holding Limited (NASDAQ:RAYGet Free Report) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 8,535 shares, a decline of 66.7% from the December 15th total of 25,612 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 75,206 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 75,206 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

Raytech Price Performance

Shares of Raytech stock traded up $0.05 during trading hours on Thursday, hitting $3.11. 14,253 shares of the company were exchanged, compared to its average volume of 84,642. The business has a 50-day moving average of $2.03 and a 200-day moving average of $14.56. Raytech has a 1 year low of $1.40 and a 1 year high of $58.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Raytech stock. Virtu Financial LLC boosted its position in Raytech Holding Limited (NASDAQ:RAYFree Report) by 631.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,408 shares of the company’s stock after purchasing an additional 73,735 shares during the period. Virtu Financial LLC owned about 3.14% of Raytech worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Raytech in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Raytech currently has an average rating of “Sell”.

View Our Latest Analysis on RAY

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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