Raytech Holding Limited (NASDAQ:RAY) Short Interest Down 66.7% in December

Raytech Holding Limited (NASDAQ:RAY) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 8,535 shares, a decline of 66.7% from the December 15th total of 25,612 shares. Based on an average trading volume of 75,206 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 75,206 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Raytech in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Raytech presently has an average rating of “Sell”.

Institutional Investors Weigh In On Raytech

A hedge fund recently raised its stake in Raytech stock. Virtu Financial LLC lifted its holdings in shares of Raytech Holding Limited (NASDAQ:RAY) by 631.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,408 shares of the company’s stock after buying an additional 73,735 shares during the period. Virtu Financial LLC owned approximately 3.14% of Raytech worth $42,000 at the end of the most recent reporting period.

Raytech Stock Up 10.9%

RAY stock opened at $2.64 on Tuesday. The firm’s 50-day simple moving average is $2.05 and its 200 day simple moving average is $14.74. Raytech has a fifty-two week low of $1.40 and a fifty-two week high of $58.88.

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.