Short Interest in Baijiayun Group Ltd (NASDAQ:RTC) Rises By 75.6%

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

Institutional Investors Weigh In On Baijiayun Group

An institutional investor recently bought a new position in Baijiayun Group stock. Garden State Investment Advisory Services LLC acquired a new stake in Baijiayun Group Ltd (NASDAQ:RTC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,178 shares of the company’s stock, valued at approximately $629,000. Garden State Investment Advisory Services LLC owned 0.39% of Baijiayun Group as of its most recent SEC filing. 3.35% of the stock is owned by hedge funds and other institutional investors.

Baijiayun Group Stock Down 5.4 %

Shares of RTC stock traded down $0.11 during midday trading on Friday, reaching $1.94. 20,438 shares of the company were exchanged, compared to its average volume of 63,847. The company’s 50 day moving average price is $5.89 and its two-hundred day moving average price is $6.91. Baijiayun Group has a 12 month low of $1.88 and a 12 month high of $40.00.

About Baijiayun Group

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.