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

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 15,500 shares, an increase of 26.0% from the August 15th total of 12,300 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

Erayak Power Solution Group Price Performance

RAYA traded down $0.04 during trading on Monday, hitting $0.58. The company’s stock had a trading volume of 13,625 shares, compared to its average volume of 117,645. The company has a quick ratio of 1.14, a current ratio of 1.67 and a debt-to-equity ratio of 0.09. Erayak Power Solution Group has a twelve month low of $0.44 and a twelve month high of $1.65. The business’s fifty day simple moving average is $0.85 and its 200 day simple moving average is $0.78.

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.