Erayak Power Solution Group Inc. (NASDAQ:RAYA) Short Interest Down 32.4% in March

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 8,069 shares, a decrease of 32.4% from the February 26th total of 11,936 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 184,211 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Erayak Power Solution Group stock. SmartHarvest Portfolios LLC acquired a new position in shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,957 shares of the company’s stock, valued at approximately $64,000. SmartHarvest Portfolios LLC owned 1.91% of Erayak Power Solution Group at the end of the most recent reporting period. 0.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Erayak Power Solution Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Erayak Power Solution Group currently has an average rating of “Sell”.

Erayak Power Solution Group Trading Down 8.0%

Shares of RAYA stock traded down $0.03 on Friday, hitting $0.40. The company had a trading volume of 268,189 shares, compared to its average volume of 1,380,909. Erayak Power Solution Group has a twelve month low of $0.31 and a twelve month high of $737.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 2.14. The company has a 50-day moving average price of $1.06 and a 200-day moving average price of $3.86.

Erayak Power Solution Group Company Profile

Erayak Power Solution Group Co, Ltd. is a diversified provider of power electronics products and services, offering a broad portfolio that includes AC/DC power adapters, DC/DC converters, uninterruptible power supplies (UPS), power management modules and charger solutions. Through a combination of proprietary design, engineering services and contract manufacturing, the company supports applications in consumer electronics, industrial automation, telecommunications and renewable energy systems.

The company collaborates closely with OEM and ODM customers to develop customized power solutions that meet specific performance, size and efficiency requirements.