Erayak Power Solution Group Inc. (NASDAQ:RAYA) Short Interest Up 26.0% in August

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 15,500 shares, a growth of 26.0% from the August 15th total of 12,300 shares. Based on an average daily trading volume, of 18,200 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

Erayak Power Solution Group Stock Performance

NASDAQ:RAYA traded down $0.04 during trading hours on Monday, reaching $0.58. The stock had a trading volume of 13,625 shares, compared to its average volume of 117,645. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.14 and a current ratio of 1.67. The stock has a 50 day simple moving average of $0.85 and a 200 day simple moving average of $0.78. Erayak Power Solution Group has a 12-month low of $0.44 and a 12-month high of $1.65.

Erayak Power Solution Group Company Profile

Erayak Power Solution Group Inc, through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products.