Short Interest in Erayak Power Solution Group Inc. (NASDAQ:RAYA) Drops By 92.9%

Erayak Power Solution Group Inc. (NASDAQ:RAYA) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 100 shares, a drop of 92.9% from the January 31st total of 1,400 shares. Based on an average daily trading volume, of 11,800 shares, the short-interest ratio is currently 0.0 days.

Erayak Power Solution Group Price Performance

RAYA stock opened at $1.30 on Friday. Erayak Power Solution Group has a twelve month low of $0.55 and a twelve month high of $1.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.10 and a quick ratio of 1.41. The business’s 50-day simple moving average is $1.29 and its 200 day simple moving average is $1.11.

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.