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

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

Raytech Stock Down 12.9 %

NASDAQ:RAY traded down $0.18 during trading hours on Friday, hitting $1.22. The stock had a trading volume of 551,643 shares, compared to its average volume of 650,996. The business’s 50 day moving average is $1.20 and its 200-day moving average is $1.46. Raytech has a one year low of $0.86 and a one year high of $6.04.

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.