Raytech Holding Ltd. (NASDAQ:RAY) Short Interest Up 284.9% in October

Raytech Holding Ltd. (NASDAQ:RAY) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 53,500 shares, an increase of 284.9% from the September 30th total of 13,900 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 131,900 shares, the short-interest ratio is presently 0.4 days.

Raytech Price Performance

Shares of NASDAQ RAY traded down $0.01 during mid-day trading on Friday, reaching $1.40. 17,773 shares of the company’s stock traded hands, compared to its average volume of 122,628. The business has a 50-day moving average of $1.71. Raytech has a 1-year low of $1.11 and a 1-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.