Short Interest in Raytech Holding Limited (NASDAQ:RAY) Decreases By 66.7%

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

Raytech Price Performance

RAY stock traded up $0.01 during mid-day trading on Wednesday, reaching $3.06. The company had a trading volume of 237,863 shares, compared to its average volume of 70,752. Raytech has a fifty-two week low of $1.40 and a fifty-two week high of $58.88. The firm has a fifty day simple moving average of $2.03 and a 200 day simple moving average of $14.56.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Raytech

A hedge fund recently raised its stake in Raytech stock. Virtu Financial LLC lifted its position in shares of Raytech Holding Limited (NASDAQ:RAY) by 631.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

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.