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

Erayak Power Solution Group Inc. (NASDAQ:RAYA) saw 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. Based on an average daily volume of 100,987 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.9% of the company’s stock are short sold.

Erayak Power Solution Group Trading Down 1.2%

NASDAQ RAYA traded down $0.02 during trading on Friday, reaching $1.71. The company’s stock had a trading volume of 9,292 shares, compared to its average volume of 324,780. The business’s fifty 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Erayak Power Solution Group in a research report on Monday, September 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus 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.