Short Interest in Erayak Power Solution Group Inc. (NASDAQ:RAYA) Expands By 26.0%

Erayak Power Solution Group Inc. (NASDAQ:RAYA) 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

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.