Erayak Power Solution Group Inc. (NASDAQ:RAYA – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4,151 shares, a decrease of 90.9% from the September 15th total of 45,518 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 100,987 shares, the days-to-cover ratio is presently 0.0 days.
Erayak Power Solution Group Stock Down 1.2%
Shares of RAYA traded down $0.02 during trading hours on Friday, reaching $1.71. 9,292 shares of the stock traded hands, compared to its average volume of 202,411. Erayak Power Solution Group has a 52 week low of $1.65 and a 52 week high of $71.79. The stock has a fifty day simple moving average of $2.16 and a 200 day simple moving average of $3.04.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Erayak Power Solution Group in a research report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Erayak Power Solution Group presently has an average rating of “Sell”.
Erayak Power Solution Group Company Profile
Erayak Power Solution Group Inc is a China-based power equipment company that designs, develops, manufactures and sells power supply products. Its product portfolio includes portable power stations, gasoline generators, inverter products, battery products and smart battery chargers for residential, recreational and commercial applications.
The company sells products under the Erayak brand and also provides products for original equipment manufacturing and private-label customers. Its products are distributed through e-commerce platforms, retailers and distributors, with sales serving customers in China and international markets, including North America and Europe.
Erayak was established in 2010 and is headquartered in Wenzhou, Zhejiang Province, China.
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