Erayak Power Solution Group Inc. (NASDAQ:RAYA) Shares Shorted: Short Interest Down 90.9% in September

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 4,151 shares, a drop of 90.9% from the September 15th total of 45,518 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 100,987 shares, the short-interest ratio is presently 0.0 days.

Erayak Power Solution Group Stock Performance

Shares of RAYA stock traded down $0.02 on Friday, reaching $1.71. 9,292 shares of the stock were exchanged, compared to its average volume of 324,780. The business’s 50 day moving average price is $2.18 and its 200 day moving average price is $3.07. Erayak Power Solution Group has a twelve month low of $1.65 and a twelve month high of $71.79.

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, September 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Erayak Power Solution Group

Erayak Power Solution Group Inc is a China-based power equipment company that designs, develops, manufactures and sells power supply products. Its product portfolio includes portable power stations, gasoline generators, inverter products, battery products and smart battery chargers for residential, recreational and commercial applications.

The company sells products under the Erayak brand and also provides products for original equipment manufacturing and private-label customers. Its products are distributed through e-commerce platforms, retailers and distributors, with sales serving customers in China and international markets, including North America and Europe.

Erayak was established in 2010 and is headquartered in Wenzhou, Zhejiang Province, China.