Baijiayun Group Ltd (NASDAQ:RTC) Sees Large Growth in Short Interest

Baijiayun Group Ltd (NASDAQ:RTC) was the recipient of a significant 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. Currently, 8.7% of the company’s shares are short sold. Based on an average trading volume of 1,470,000 shares, the short-interest ratio is currently 0.6 days.

Baijiayun Group Stock Up 4.2 %

NASDAQ:RTC traded up $0.01 on Wednesday, reaching $0.34. The company’s stock had a trading volume of 501,741 shares, compared to its average volume of 2,038,550. The business’s 50-day moving average price is $1.22 and its two-hundred day moving average price is $5.22. Baijiayun Group has a 1-year low of $0.31 and a 1-year high of $9.69.

Hedge Funds Weigh In On Baijiayun Group

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

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.