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

Erayak Power Solution Group Inc. (NASDAQ:RAYA) saw 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 volume of 11,800 shares, the days-to-cover ratio is presently 0.0 days.

Erayak Power Solution Group Price Performance

Shares of Erayak Power Solution Group stock traded down $0.02 on Friday, reaching $1.28. The stock had a trading volume of 15,947 shares, compared to its average volume of 8,768. 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 moving average price is $1.29 and its two-hundred day moving average price is $1.12. Erayak Power Solution Group has a fifty-two week low of $0.55 and a fifty-two week 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.