Raytech Holding Limited (NASDAQ:RAY) Short Interest Update

Raytech Holding Limited (NASDAQ:RAY – Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 7,497 shares, a decrease of 48.0% from the July 15th total of 14,414 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 6,904 shares, the days-to-cover ratio is presently 1.1 days.

Raytech Stock Down 4.5%

RAY traded down $0.13 during trading on Monday, hitting $2.73. 1,701 shares of the stock traded hands, compared to its average volume of 26,437. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average of $2.94 and a 200 day moving average of $3.45. Raytech has a 12-month low of $1.40 and a 12-month high of $58.88.

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Raytech (NASDAQ:RAY – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $3.86 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Raytech from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

View Our Latest Stock Report on Raytech

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers purchased a new stake in Raytech in the 1st quarter worth approximately $82,000. Marex Group plc purchased a new position in shares of Raytech during the second quarter valued at approximately $60,000. Finally, Virtu Financial LLC increased its stake in shares of Raytech by 631.7% during the third quarter. Virtu Financial LLC now owns 85,408 shares of the company’s stock valued at $42,000 after buying an additional 73,735 shares during the period.

About Raytech

(Get Free Report)

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.

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