Erayak Power Solution Group Inc. (NASDAQ:RAYA) Short Interest Update

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 8,700 shares, an increase of 8,600.0% from the March 31st total of 100 shares. Based on an average daily volume of 278,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.3% of the company’s stock are sold short.

Erayak Power Solution Group Stock Performance

Shares of RAYA stock opened at $0.69 on Friday. The company’s fifty day simple moving average is $0.69 and its 200-day simple moving average is $0.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.67 and a quick ratio of 1.14. 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.