Erayak Power Solution Group Inc. (NASDAQ:RAYA) Short Interest Update

Erayak Power Solution Group Inc. (NASDAQ:RAYA – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 45,518 shares, an increase of 2,388.7% from the August 31st total of 1,829 shares. Based on an average daily trading volume, of 272,178 shares, the short-interest ratio is currently 0.2 days. Currently, 9.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Erayak Power Solution Group in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on RAYA

Erayak Power Solution Group Stock Performance

Shares of RAYA traded up $0.03 during midday trading on Thursday, hitting $1.94. The company had a trading volume of 10,276 shares, compared to its average volume of 343,273. Erayak Power Solution Group has a 1 year low of $1.65 and a 1 year high of $118.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.62 and a current ratio of 2.09. The company’s 50-day simple moving average is $2.33 and its 200-day simple moving average is $3.57.

Erayak Power Solution Group Company Profile

(Get Free Report)

Erayak Power Solution Group Inc is a China-based provider of power supply products and related solutions. Through its operating subsidiaries, the company designs, develops, manufactures and sells equipment intended for residential, commercial and outdoor use.

Its product portfolio includes portable power stations, gasoline-powered generators, variable-frequency generators, battery products and smart chargers. Erayak also develops customized power-related products for customers and markets its offerings under its own brands and through third-party sales channels.

Founded in 2010, the company serves customers in China and international markets through online and other distribution channels.

Further Reading

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