Erayak Power Solution Group Inc. (NASDAQ:RAYA) Short Interest Up 18.2% in February

Erayak Power Solution Group Inc. (NASDAQ:RAYA) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 11,936 shares, an increase of 18.2% from the February 12th total of 10,100 shares. Based on an average trading volume of 104,235 shares, the short-interest ratio is presently 0.1 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 104,235 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Erayak Power Solution Group

A hedge fund recently bought a new stake in Erayak Power Solution Group stock. Barclays PLC purchased a new position in Erayak Power Solution Group Inc. (NASDAQ:RAYA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 650,000 shares of the company’s stock, valued at approximately $2,658,000. Barclays PLC owned approximately 73.03% of Erayak Power Solution Group as of its most recent SEC filing. Institutional investors own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Erayak Power Solution Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Erayak Power Solution Group Trading Down 3.9%

RAYA traded down $0.03 during trading on Wednesday, reaching $0.80. 33,765 shares of the company traded hands, compared to its average volume of 1,180,475. The company has a current ratio of 2.14, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. Erayak Power Solution Group has a 12-month low of $0.75 and a 12-month high of $737.00. The firm has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $4.34.

About Erayak Power Solution Group

Erayak Power Solution Group Co, Ltd. is a diversified provider of power electronics products and services, offering a broad portfolio that includes AC/DC power adapters, DC/DC converters, uninterruptible power supplies (UPS), power management modules and charger solutions. Through a combination of proprietary design, engineering services and contract manufacturing, the company supports applications in consumer electronics, industrial automation, telecommunications and renewable energy systems.

The company collaborates closely with OEM and ODM customers to develop customized power solutions that meet specific performance, size and efficiency requirements.