Short Interest in Erayak Power Solution Group Inc. (NASDAQ:RAYA) Drops By 92.9%

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 100 shares, a decrease of 92.9% from the January 31st total of 1,400 shares. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is currently 0.0 days.

Erayak Power Solution Group Stock Performance

NASDAQ:RAYA traded down $0.01 during trading hours on Thursday, reaching $1.30. The company had a trading volume of 14,394 shares, compared to its average volume of 8,566. Erayak Power Solution Group has a twelve month low of $0.55 and a twelve month high of $1.78. The company has a current ratio of 2.10, a quick ratio of 1.41 and a debt-to-equity ratio of 0.06. The business’s 50-day simple moving average is $1.29 and its two-hundred day simple moving average is $1.11.

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.