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 - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,990,000 shares, agrowthof4,179.6% 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 currently 1.0 days. Approximately20.0% of the shares of the company are short sold. Approximately20.0% of the shares of the company are short sold. Based on an average daily volume of 2,050,000 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Raytech

A hedge fund recently bought a new stake in Raytech stock. Virtu Financial LLC purchased a new stake in shares of Raytech Holding Limited (NASDAQ:RAY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,968 shares of the company's stock, valued at approximately $31,000. Virtu Financial LLC owned 0.09% of Raytech as of its most recent filing with the Securities and Exchange Commission (SEC).

Raytech Stock Down 4.5%

Shares of NASDAQ:RAY traded down $0.1340 during trading on Tuesday, hitting $2.8160. 2,189,645 shares of the company traded hands, compared to its average volume of 2,211,210. The business's fifty day moving average is $1.98 and its 200-day moving average is $1.80. Raytech has a one year low of $0.86 and a one year high of $3.24.

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.