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

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

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 shares of Baijiayun Group Ltd (NASDAQ:RTC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 Securities and Exchange Commission (SEC). 3.35% of the stock is currently owned by hedge funds and other institutional investors.

Baijiayun Group Price Performance

RTC stock traded down $0.03 during trading on Friday, reaching $0.27. The company had a trading volume of 151,298 shares, compared to its average volume of 1,728,841. The business has a 50 day moving average of $0.67 and a 200 day moving average of $4.69. Baijiayun Group has a 52 week low of $0.26 and a 52 week high of $9.69.

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.