Baijiayun Group Ltd (NASDAQ:RTC) Short Interest Update

Baijiayun Group Ltd (NASDAQ:RTC) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 479,200 shares, a decrease of 45.1% from the February 28th total of 872,600 shares. Approximately 4.8% of the shares of the company are sold short. Based on an average trading volume of 1,570,000 shares, the days-to-cover ratio is presently 0.3 days.

Baijiayun Group Stock Performance

Shares of RTC traded down $0.04 during mid-day trading on Friday, reaching $0.26. 387,072 shares of the company’s stock were exchanged, compared to its average volume of 436,328. The business’s fifty day simple moving average is $0.64 and its 200-day simple moving average is $4.65. Baijiayun Group has a 52-week low of $0.25 and a 52-week high of $9.69.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Baijiayun Group stock. Garden State Investment Advisory Services LLC bought a new position in shares of Baijiayun Group Ltd (NASDAQ:RTC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 0.39% of Baijiayun Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.35% of the company’s stock.

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.