Raytech Holding Limited (NASDAQ:RAY) Short Interest Update

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 recipient 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. Approximately1.5% of the shares of the company are short sold. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately1.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Raytech

An institutional investor recently bought a new position in Raytech stock. Virtu Financial LLC purchased a new position in Raytech Holding Limited (NASDAQ:RAY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,968 shares of the company's stock, valued at approximately $31,000. Virtu Financial LLC owned about 0.09% of Raytech at the end of the most recent quarter.

Raytech Stock Down 3.5%

Shares of NASDAQ RAY traded down $0.10 during trading on Friday, hitting $2.76. 7,303,544 shares of the company were exchanged, compared to its average volume of 3,232,127. 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 price of $1.82 and a 200-day moving average price of $1.72.

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.