Short Interest in Erayak Power Solution Group Inc. (NASDAQ:RAYA) Increases By 26.0%

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 15,500 shares, an increase of 26.0% from the August 15th total of 12,300 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the shares of the company are short sold.

Erayak Power Solution Group Stock Down 5.8 %

RAYA stock traded down $0.04 during trading on Monday, reaching $0.58. 13,625 shares of the company’s stock were exchanged, compared to its average volume of 117,645. The company’s fifty day moving average price is $0.85 and its 200-day moving average price is $0.78. The company has a current ratio of 1.67, a quick ratio of 1.14 and a debt-to-equity ratio of 0.09. Erayak Power Solution Group has a 1-year low of $0.44 and a 1-year high of $1.65.

About Erayak Power Solution Group

Erayak Power Solution Group Inc, through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products.