Baijiayun Group Ltd (NASDAQ:RTC) Short Interest Update

Baijiayun Group Ltd (NASDAQ:RTC) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 872,600 shares, an increase of 358.3% from the February 13th total of 190,400 shares. Approximately 8.7% of the company’s stock are short sold. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is currently 0.6 days.

Baijiayun Group Stock Performance

Shares of Baijiayun Group stock opened at $0.34 on Thursday. Baijiayun Group has a 1-year low of $0.31 and a 1-year high of $9.69. The business has a 50-day moving average of $1.16 and a 200-day moving average of $5.19.

Institutional Trading of Baijiayun Group

A hedge fund recently bought a new stake in Baijiayun Group stock. Garden State Investment Advisory Services LLC bought a new stake in Baijiayun Group Ltd (NASDAQ:RTC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 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 as of its most recent filing with the SEC. 3.35% of the stock is currently 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.