Raytech Holding Limited (NASDAQ:RAY) Short Interest Update

Raytech Holding Limited (NASDAQ:RAY) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 40,532 shares, a drop of 33.1% from the February 26th total of 60,587 shares. Based on an average daily trading volume, of 25,014 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.5% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Raytech

A hedge fund recently raised its stake in Raytech stock. Virtu Financial LLC grew its holdings in 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 & Exchange Commission. The fund owned 85,408 shares of the company’s stock after purchasing an additional 73,735 shares during the period. Virtu Financial LLC owned approximately 3.14% of Raytech worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

Raytech Stock Up 0.3%

Shares of RAY stock traded up $0.01 during trading on Friday, hitting $3.77. 1,181 shares of the stock traded hands, compared to its average volume of 16,904. Raytech has a 52-week low of $1.40 and a 52-week high of $58.88. The firm’s fifty day moving average price is $4.21 and its 200-day moving average price is $4.21.

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.