Raytech Holding Ltd. (NASDAQ:RAY) Short Interest Up 1,522.7% in March

Raytech Holding Ltd. (NASDAQ:RAY) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 214,200 shares, an increase of 1,522.7% from the February 28th total of 13,200 shares. Based on an average trading volume of 2,160,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 6.7% of the company’s stock are sold short.

Raytech Stock Performance

Shares of NASDAQ RAY opened at $1.92 on Friday. Raytech has a fifty-two week low of $0.86 and a fifty-two week high of $6.04. The business has a 50 day moving average price of $1.22 and a two-hundred day moving average price of $1.44.

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.