Raytech Holding Limited (NASDAQ:RAY) Sees Large Decline in Short Interest

Raytech Holding Limited (NASDAQ:RAY) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 7,529 shares, a decrease of 81.4% from the March 15th total of 40,532 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 9,671 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Raytech

An institutional investor recently raised its position in Raytech stock. Virtu Financial LLC boosted its position in Raytech Holding Limited (NASDAQ:RAY) by 631.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,408 shares of the company’s stock after acquiring an additional 73,735 shares during the quarter. Virtu Financial LLC owned 3.14% of Raytech worth $42,000 at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Raytech in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Raytech has an average rating of “Sell”.

Raytech Stock Down 2.1%

NASDAQ:RAY traded down $0.08 during mid-day trading on Friday, hitting $3.78. The stock had a trading volume of 2,407 shares, compared to its average volume of 9,043. The stock has a 50-day simple moving average of $4.08 and a two-hundred day simple moving average of $3.87. Raytech has a twelve month low of $1.40 and a twelve month high of $58.88.

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.