Raytech Holding Limited (NASDAQ:RAY) Short Interest Down 86.2% in September

Raytech Holding Limited (NASDAQ:RAY) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 540,700 shares, a drop of 86.2% from the August 31st total of 3,920,000 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,960,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 4,960,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.6% of the shares of the stock are short sold.

Raytech Price Performance

Raytech stock opened at $0.50 on Wednesday. Raytech has a 52 week low of $0.41 and a 52 week high of $3.68. The company’s 50-day moving average price is $1.67 and its two-hundred day moving average price is $1.76.

Hedge Funds Weigh In On Raytech

A hedge fund recently bought a new stake in Raytech stock. Virtu Financial LLC acquired a new stake in shares of Raytech Holding Limited (NASDAQ:RAY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,968 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.09% 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.