Erayak Power Solution Group Inc. (NASDAQ:RAYA) Short Interest Update

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 15,500 shares, a growth of 26.0% from the August 15th total of 12,300 shares. Based on an average daily volume of 18,200 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

Erayak Power Solution Group Price Performance

Erayak Power Solution Group stock traded down $0.04 during midday trading on Monday, hitting $0.58. 13,625 shares of the company were exchanged, compared to its average volume of 117,645. Erayak Power Solution Group has a fifty-two week low of $0.44 and a fifty-two week high of $1.65. The business has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $0.78. 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 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.