Raytech Holding Limited (NASDAQ:RAY) Short Interest Down 81.4% in March
by Scott Moore · The Cerbat GemRaytech Holding Limited (NASDAQ:RAY – Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 7,529 shares, a decline of 81.4% from the March 15th total of 40,532 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 9,671 shares, the days-to-cover ratio is presently 0.8 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Raytech in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Analysis on Raytech
Raytech Price Performance
RAY traded down $0.08 during trading hours on Friday, reaching $3.78. 2,407 shares of the company’s stock traded hands, compared to its average volume of 9,043. The firm has a 50-day moving average price of $4.08 and a 200 day moving average price of $3.90. Raytech has a 52-week low of $1.40 and a 52-week high of $58.88.
Hedge Funds Weigh In On Raytech
An institutional investor recently raised its position in Raytech stock. Virtu Financial LLC boosted its holdings in shares of Raytech Holding Limited (NASDAQ:RAY – Free Report) by 631.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,408 shares of the company’s stock after acquiring an additional 73,735 shares during the quarter. Virtu Financial LLC owned 3.14% of Raytech worth $42,000 as of its most recent SEC filing.
Raytech Company Profile
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.