Short Interest in Raytech Holding Limited (NASDAQ:RAY) Expands By 21.2%

Raytech Holding Limited (NASDAQ:RAY) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 74,151 shares, a growth of 21.2% from the January 15th total of 61,172 shares. Based on an average daily trading volume, of 128,019 shares, the short-interest ratio is currently 0.6 days. Approximately 2.7% of the company’s shares are sold short. Approximately 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 128,019 shares, the short-interest ratio is currently 0.6 days.

Raytech Stock Down 2.7%

RAY stock traded down $0.12 during trading on Tuesday, reaching $4.08. 5,671 shares of the stock were exchanged, compared to its average volume of 81,751. The firm’s 50 day moving average is $3.03 and its 200 day moving average is $9.85. Raytech has a twelve month low of $1.40 and a twelve month high of $58.88.

Institutional Investors Weigh In On Raytech

A hedge fund recently raised its stake in Raytech stock. Virtu Financial LLC raised its stake in shares of Raytech Holding Limited (NASDAQ:RAY) by 631.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,408 shares of the company’s stock after acquiring an additional 73,735 shares during the period. Virtu Financial LLC owned about 3.14% of Raytech worth $42,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Raytech in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Raytech presently has a consensus rating of “Sell”.

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.