Erayak Power Solution Group Inc. (NASDAQ:RAYA) Sees Large Drop in Short Interest

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 9,300 shares, a decrease of 27.9% from the October 15th total of 12,900 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 59,900 shares, the short-interest ratio is presently 0.2 days.

Erayak Power Solution Group Stock Performance

Shares of RAYA traded up $0.06 during mid-day trading on Friday, hitting $1.17. 19,817 shares of the company’s stock were exchanged, compared to its average volume of 110,787. The company has a quick ratio of 1.41, a current ratio of 2.10 and a debt-to-equity ratio of 0.06. Erayak Power Solution Group has a 52 week low of $0.44 and a 52 week high of $1.78. The stock’s 50-day simple moving average is $0.98 and its 200-day simple moving average is $0.88.

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.