Raytech Holding Limited (NASDAQ:RAY) Short Interest Up 48.6% in July

Key Points

• Short interest in Raytech Holding Limited (NASDAQ:RAY) grew by 48.6% in July, reaching a total of 46,500 shares compared to 31,300 shares at the end of June.
• The company's stock is currently priced at $2.80, with a 12-month high of $3.41 and a low of $0.86.
• Virtu Financial LLC has recently acquired a new stake of 15,968 shares in Raytech, valued at approximately $31,000.

Raytech Holding Limited (NASDAQ:RAY - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 46,500 shares, agrowthof48.6% from the June 30th total of 31,300 shares. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is currently 0.0 days. Currently,1.5% of the company's shares are sold short. Currently,1.5% of the company's shares are sold short. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Raytech

A hedge fund recently bought a new stake in Raytech stock. Virtu Financial LLC purchased a new position in Raytech Holding Limited (NASDAQ:RAY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 filing with the Securities and Exchange Commission (SEC).

Raytech Trading Down 3.5%

NASDAQ RAY traded down $0.10 during trading hours on Friday, hitting $2.76. 7,303,544 shares of the company's stock were exchanged, compared to its average volume of 3,232,127. The stock has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $1.72. Raytech has a 1-year low of $0.86 and a 1-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.