Raytech Holding Limited (NASDAQ:RAY) Short Interest Up 32.7% in December
by Tristan Rich · The Markets DailyRaytech Holding Limited (NASDAQ:RAY – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 25,612 shares, an increase of 32.7% from the November 30th total of 19,295 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 25,499 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 25,499 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the shares of the company are sold short.
Raytech Stock Down 16.6%
RAY stock traded down $0.37 on Tuesday, reaching $1.86. 98,285 shares of the company traded hands, compared to its average volume of 196,005. The firm has a fifty day simple moving average of $2.49 and a 200-day simple moving average of $15.91. Raytech has a one year low of $1.40 and a one year high of $58.88.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Raytech in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Raytech currently has an average rating of “Sell”.
Get Our Latest Report on Raytech
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Raytech stock. Marex Group plc purchased a new position in Raytech Holding Limited (NASDAQ:RAY – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 51,216 shares of the company’s stock, valued at approximately $60,000. Marex Group plc owned approximately 0.12% of Raytech at the end of the most recent quarter.
About Raytech
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.