Baijiayun Group Ltd (NASDAQ:RTC) Short Interest Update

Baijiayun Group Ltd (NASDAQ:RTC) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 144,400 shares, a decrease of 69.9% from the March 15th total of 479,200 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,610,000 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On 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) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 76,178 shares of the company’s stock, valued at approximately $629,000. Garden State Investment Advisory Services LLC owned about 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.

Baijiayun Group Trading Up 3.1 %

Baijiayun Group stock traded up $0.01 during midday trading on Tuesday, reaching $0.24. The company had a trading volume of 85,476 shares, compared to its average volume of 445,374. Baijiayun Group has a 12-month low of $0.16 and a 12-month high of $9.69. The firm’s fifty day simple moving average is $0.38 and its 200-day simple moving average is $3.94.

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.