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 September. As of September 15th, there was short interest totaling 45,518 shares, an increase of 2,388.7% from the August 31st total of 1,829 shares. Currently, 9.6% of the company’s stock are short sold. Based on an average daily volume of 272,178 shares, the short-interest ratio is presently 0.2 days.

Erayak Power Solution Group Trading Up 1.6%

Shares of NASDAQ RAYA traded up $0.03 during mid-day trading on Thursday, reaching $1.94. The company had a trading volume of 10,276 shares, compared to its average volume of 343,273. The company has a current ratio of 2.09, a quick ratio of 1.62 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $2.33 and a two-hundred day simple moving average of $3.57. Erayak Power Solution Group has a 52-week low of $1.65 and a 52-week high of $118.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Erayak Power Solution Group in a research note on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Erayak Power Solution Group has an average rating of “Sell”.

About Erayak Power Solution Group

Erayak Power Solution Group Inc is a China-based provider of power supply products and related solutions. Through its operating subsidiaries, the company designs, develops, manufactures and sells equipment intended for residential, commercial and outdoor use.

Its product portfolio includes portable power stations, gasoline-powered generators, variable-frequency generators, battery products and smart chargers. Erayak also develops customized power-related products for customers and markets its offerings under its own brands and through third-party sales channels.

Founded in 2010, the company serves customers in China and international markets through online and other distribution channels.