Short Interest in Raytech Holding Ltd. (NASDAQ:RAY) Declines By 35.9%

Raytech Holding Ltd. (NASDAQ:RAY) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 137,400 shares, a drop of 35.9% from the March 15th total of 214,200 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average trading volume of 2,410,000 shares, the days-to-cover ratio is currently 0.1 days.

Raytech Stock Performance

Shares of NASDAQ RAY traded down $0.04 during trading on Thursday, reaching $2.51. The company had a trading volume of 730,645 shares, compared to its average volume of 2,311,865. Raytech has a twelve month low of $0.86 and a twelve month high of $6.04. The stock has a 50-day moving average price of $1.52 and a two-hundred day moving average price of $1.47.

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.