Raytech Holding Limited (NASDAQ:RAY) Short Interest Up 21.2% in January

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

Institutional Investors Weigh In On Raytech

A hedge fund recently bought a new stake in Raytech stock. Marex Group plc acquired a new stake in Raytech Holding Limited (NASDAQ:RAY) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 51,216 shares of the company’s stock, valued at approximately $60,000. Marex Group plc owned 0.12% of Raytech as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Raytech Trading Down 2.7%

Shares of NASDAQ:RAY traded down $0.12 during mid-day trading on Tuesday, reaching $4.08. The company had a trading volume of 5,671 shares, compared to its average volume of 81,751. Raytech has a one year low of $1.40 and a one year high of $58.88. The company’s 50-day moving average price is $3.03 and its 200-day moving average price is $9.85.

About Raytech

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.