Short Interest in Raytech Holding Ltd. (NASDAQ:RAY) Drops By 44.8%

Raytech Holding Ltd. (NASDAQ:RAY) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 182,800 shares, a drop of 44.8% from the May 15th total of 331,100 shares. Based on an average trading volume of 3,590,000 shares, the short-interest ratio is presently 0.1 days. Currently, 5.7% of the company’s shares are sold short.

Hedge Funds Weigh In On Raytech

A hedge fund recently bought a new stake in Raytech stock. Virtu Financial LLC bought a new stake in Raytech Holding Ltd. (NASDAQ:RAY) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,968 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 0.09% of Raytech as of its most recent filing with the SEC.

Raytech Trading Down 8.9%

NASDAQ:RAY traded down $0.11 during mid-day trading on Friday, hitting $1.13. The company had a trading volume of 486,154 shares, compared to its average volume of 1,018,179. Raytech has a fifty-two week low of $0.86 and a fifty-two week high of $4.64. The business’s fifty day moving average is $1.99 and its two-hundred day moving average is $1.57.

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.