Short Interest in Erayak Power Solution Group Inc. (NASDAQ:RAYA) Expands By 129.3%

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 62,600 shares, an increase of 129.3% from the February 29th total of 27,300 shares. Based on an average trading volume of 232,100 shares, the short-interest ratio is currently 0.3 days. Approximately 2.1% of the company’s stock are sold short.

Institutional Trading of Erayak Power Solution Group

A hedge fund recently bought a new stake in Erayak Power Solution Group stock. Jane Street Group LLC bought a new position in shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,030 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned about 0.11% of Erayak Power Solution Group at the end of the most recent quarter. Institutional investors and hedge funds own 0.33% of the company’s stock.

Erayak Power Solution Group Stock Performance

NASDAQ:RAYA traded down $0.07 during trading hours on Thursday, reaching $0.57. 29,574 shares of the stock were exchanged, compared to its average volume of 241,869. The company has a current ratio of 1.46, a quick ratio of 1.01 and a debt-to-equity ratio of 0.02. Erayak Power Solution Group has a twelve month low of $0.44 and a twelve month high of $2.68. The firm has a 50 day moving average of $0.72 and a 200 day moving average of $0.83.

Erayak Power Solution Group Company Profile

Erayak Power Solution Group Inc, through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products.