Raytech Holding Limited (NASDAQ:RAY) Sees Large Decrease in Short Interest

Raytech Holding Limited (NASDAQ:RAY) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 60,587 shares, a decrease of 17.7% from the February 12th total of 73,649 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 13,900 shares, the short-interest ratio is presently 4.4 days. Based on an average daily volume of 13,900 shares, the short-interest ratio is presently 4.4 days. Approximately 2.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Raytech

An institutional investor recently raised its position in Raytech stock. Virtu Financial LLC lifted its position in Raytech Holding Limited (NASDAQ:RAY) by 631.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,408 shares of the company’s stock after purchasing an additional 73,735 shares during the quarter. Virtu Financial LLC owned about 3.14% of Raytech worth $42,000 as of its most recent SEC filing.

Raytech Price Performance

NASDAQ RAY opened at $4.27 on Tuesday. The stock’s fifty day moving average price is $3.99 and its 200 day moving average price is $4.64. Raytech has a 1 year low of $1.40 and a 1 year high of $58.88.

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.