Raytech Holding Limited (NASDAQ:RAY) Short Interest Down 17.7% in February

Raytech Holding Limited (NASDAQ:RAY) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 60,587 shares, a decline of 17.7% from the February 12th total of 73,649 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 13,900 shares, the days-to-cover ratio is currently 4.4 days. Based on an average daily trading volume, of 13,900 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.2% of the company’s shares are sold short.

Raytech Stock Performance

NASDAQ:RAY traded up $0.17 on Monday, hitting $4.17. 24,524 shares of the stock were exchanged, compared to its average volume of 58,968. Raytech has a fifty-two week low of $1.40 and a fifty-two week high of $58.88. The stock has a fifty day moving average of $3.95 and a 200-day moving average of $4.68.

Hedge Funds Weigh In On Raytech

An institutional investor recently raised its position in Raytech stock. Virtu Financial LLC lifted its stake in Raytech Holding Limited (NASDAQ:RAY) by 631.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,408 shares of the company’s stock after buying an additional 73,735 shares during the period. Virtu Financial LLC owned about 3.14% of Raytech worth $42,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Raytech in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.