Raytech Holding Limited (NASDAQ:RAY) Short Interest Update

Key Points

• Raytech Holding Limited experienced a significant surge in short interest in July, rising by 4,179.6% to 1,990,000 shares from 46,500 shares, with 20.0% of its stock currently short sold.
• Virtu Financial LLC has acquired a new stake in Raytech, purchasing 15,968 shares valued at approximately $31,000, indicating institutional interest in the company.
• Raytech's shares traded at $2.83 with a 12-month range between a low of $0.86 and a high of $3.24, reflecting volatility and investor interest.

Raytech Holding Limited (NASDAQ:RAY - ) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 1,990,000 shares, anincreaseof4,179.6% from the July 15th total of 46,500 shares. Based on an average daily volume of 2,050,000 shares, the days-to-cover ratio is presently 1.0 days. Currently,20.0% of the company's stock are short sold. Currently,20.0% of the company's stock are short sold. Based on an average daily volume of 2,050,000 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Raytech

A hedge fund recently bought a new stake in Raytech stock. Virtu Financial LLC acquired a new stake in shares of Raytech Holding Limited (NASDAQ:RAY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,968 shares of the company's stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.09% of Raytech as of its most recent SEC filing.

Raytech Trading Up 0.9%

Shares of NASDAQ:RAY traded up $0.03 during midday trading on Thursday, hitting $2.83. The company had a trading volume of 704,983 shares, compared to its average volume of 2,132,877. Raytech has a 12-month low of $0.86 and a 12-month high of $3.24. The company has a fifty day moving average of $1.88 and a two-hundred day moving average of $1.75.

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.

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