Raytech Holding Ltd. (NASDAQ:RAY) Sees Large Drop in Short Interest

Raytech Holding Ltd. (NASDAQ:RAY) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 13,200 shares, a decrease of 35.0% from the February 13th total of 20,300 shares. Based on an average daily trading volume, of 1,700,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.4% of the company’s stock are short sold.

Raytech Stock Performance

Shares of Raytech stock traded down $0.18 during trading on Friday, reaching $1.22. The company had a trading volume of 551,643 shares, compared to its average volume of 650,996. Raytech has a fifty-two week low of $0.86 and a fifty-two week high of $6.04. The firm’s fifty day moving average is $1.20 and its 200-day moving average is $1.46.

Raytech Company Profile

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.