Raytech Holding Limited (NASDAQ:RAY) Sees Significant Growth in Short Interest

Raytech Holding Limited (NASDAQ:RAY) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 74,151 shares, an increase of 21.2% from the January 15th total of 61,172 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average trading volume of 128,019 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 128,019 shares, the short-interest ratio is currently 0.6 days. Approximately 2.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Raytech

An institutional investor recently raised its position in Raytech stock. Virtu Financial LLC increased its stake in shares of Raytech Holding Limited (NASDAQ:RAY) by 631.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,408 shares of the company’s stock after buying an additional 73,735 shares during the period. Virtu Financial LLC owned about 3.14% of Raytech worth $42,000 as of its most recent SEC filing.

Raytech Stock Performance

Raytech stock opened at $4.00 on Thursday. Raytech has a fifty-two week low of $1.40 and a fifty-two week high of $58.88. The firm’s 50-day simple moving average is $3.13 and its 200 day simple moving average is $9.53.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Raytech in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.