Erayak Power Solution Group Inc. (NASDAQ:RAYA) Sees Large Growth in Short Interest

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 62,600 shares, an increase of 129.3% from the February 29th total of 27,300 shares. Based on an average trading volume of 232,100 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Erayak Power Solution Group

An institutional investor recently bought a new position in Erayak Power Solution Group stock. Jane Street Group LLC purchased a new stake in shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,030 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned 0.11% of Erayak Power Solution Group as of its most recent filing with the Securities & Exchange Commission. 0.33% of the stock is currently owned by institutional investors.

Erayak Power Solution Group Stock Down 11.1 %

Erayak Power Solution Group stock traded down $0.07 during midday trading on Thursday, reaching $0.57. 29,574 shares of the company traded hands, compared to its average volume of 241,869. The company has a quick ratio of 1.01, a current ratio of 1.46 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average of $0.72 and a two-hundred day moving average of $0.83. Erayak Power Solution Group has a 12 month low of $0.44 and a 12 month high of $2.68.

Erayak Power Solution Group Company Profile

Erayak Power Solution Group Inc, through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products.