Raytech Holding Limited (NASDAQ:RAY) Short Interest Update

Raytech Holding Limited (NASDAQ:RAY – Get Free Report) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 2,544 shares, a decline of 66.1% from the July 30th total of 7,497 shares. Based on an average daily volume of 6,917 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Raytech from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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Raytech Trading Up 2.6%

RAY traded up $0.07 during trading on Friday, hitting $2.75. 2,220 shares of the company’s stock traded hands, compared to its average volume of 25,306. Raytech has a 12-month low of $1.40 and a 12-month high of $16.00. The company’s 50 day simple moving average is $2.87 and its two-hundred day simple moving average is $3.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.36 and a current ratio of 2.36.

Raytech (NASDAQ:RAY – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.30 EPS for the quarter. The firm had revenue of $6.68 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Virtu Financial LLC raised its holdings in 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 acquiring an additional 73,735 shares during the period. Marex Group plc purchased a new stake in Raytech during the 2nd quarter valued at approximately $60,000. Finally, Cetera Investment Advisers purchased a new position in shares of Raytech in the first quarter worth $82,000.

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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