Baijiayun Group Ltd (NASDAQ:RTC) Short Interest Update

Baijiayun Group Ltd (NASDAQ:RTC) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 13,700 shares, a growth of 75.6% from the December 15th total of 7,800 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 45,600 shares, the short-interest ratio is currently 0.3 days.

Baijiayun Group Price Performance

Shares of RTC traded down $0.11 during trading hours on Friday, reaching $1.94. The stock had a trading volume of 20,438 shares, compared to its average volume of 63,967. Baijiayun Group has a 52 week low of $1.88 and a 52 week high of $40.00. The firm has a 50-day moving average of $5.89 and a 200 day moving average of $6.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Baijiayun Group stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of Baijiayun Group Ltd (NASDAQ:RTC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 76,178 shares of the company’s stock, valued at approximately $629,000. Garden State Investment Advisory Services LLC owned approximately 0.39% of Baijiayun Group at the end of the most recent reporting period. 3.35% of the stock is owned by institutional investors.

Baijiayun Group Company Profile

Baijiayun Group Ltd engages in the video-centric technology solution business in China. Its solutions include video-centric SaaS/PaaS solutions, including live streaming solution, VoD solution, and real-time communications solution for education, finance, medical services, automotive, and IT industries; video-centric cloud related solutions, such as online school, video conferencing, and enterprise training solutions for educational institutions, IT, finance, media and advertising, and e-commerce industries; and video-centric industry AI solutions for education, retail, public affairs, and industrial manufacturing industries.