Raytech Holding Ltd. (NASDAQ:RAY) Sees Large Drop in Short Interest

Raytech Holding Ltd. (NASDAQ:RAY) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 13,200 shares, a drop of 35.0% from the February 13th total of 20,300 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 1,700,000 shares, the days-to-cover ratio is currently 0.0 days.

Raytech Price Performance

Shares of NASDAQ RAY traded down $0.03 during mid-day trading on Monday, reaching $1.19. The company had a trading volume of 58,822 shares, compared to its average volume of 648,202. The stock has a fifty day moving average of $1.20 and a two-hundred day moving average of $1.46. Raytech has a 12-month low of $0.86 and a 12-month high of $6.04.

About Raytech

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.