Erayak Power Solution Group Inc. (NASDAQ:RAYA) Sees Significant Growth in Short Interest

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 8,700 shares, an increase of 8,600.0% from the March 31st total of 100 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 278,000 shares, the days-to-cover ratio is presently 0.0 days.

Erayak Power Solution Group Stock Up 0.2 %

Shares of NASDAQ:RAYA traded up $0.00 during midday trading on Thursday, reaching $0.65. The company’s stock had a trading volume of 38,352 shares, compared to its average volume of 228,691. The company has a quick ratio of 1.14, a current ratio of 1.67 and a debt-to-equity ratio of 0.09. Erayak Power Solution Group has a fifty-two week low of $0.44 and a fifty-two week high of $2.68. The firm has a 50 day moving average price of $0.69 and a two-hundred day moving average price of $0.77.

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.