Erayak Power Solution Group Inc. (NASDAQ:RAYA – Get Free Report) saw a large 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. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is presently 0.9 days.
Erayak Power Solution Group Stock Down 5.8 %
Erayak Power Solution Group stock traded down $0.04 during trading on Monday, reaching $0.58. 13,625 shares of the company’s stock were exchanged, 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 52-week low of $0.44 and a 52-week high of $1.65. The company’s 50-day moving average is $0.85 and its two-hundred day moving average is $0.78.
About Erayak Power Solution Group
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