Short Interest in Erayak Power Solution Group Inc. (NASDAQ:RAYA) Drops By 47.3%

Erayak Power Solution Group Inc. (NASDAQ:RAYA) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 4,900 shares, a drop of 47.3% from the October 31st total of 9,300 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 60,200 shares, the days-to-cover ratio is presently 0.1 days.

Erayak Power Solution Group Stock Performance

Shares of NASDAQ:RAYA traded up $0.02 on Thursday, reaching $1.20. 2,028 shares of the company were exchanged, compared to its average volume of 107,210. The company has a 50-day moving average of $1.06 and a 200-day moving average of $0.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.41 and a current ratio of 2.10. Erayak Power Solution Group has a 1-year low of $0.44 and a 1-year high of $1.78.

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.