Short Interest in Baijiayun Group Ltd (NASDAQ:RTC) Rises By 502.6%

Baijiayun Group Ltd (NASDAQ:RTC) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 254,900 shares, a growth of 502.6% from the January 15th total of 42,300 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 296,800 shares, the short-interest ratio is presently 0.9 days.

Baijiayun Group Stock Down 6.3 %

Shares of NASDAQ:RTC traded down $0.04 during trading on Wednesday, hitting $0.61. The stock had a trading volume of 928,595 shares, compared to its average volume of 652,480. The firm’s fifty day moving average is $3.05 and its 200 day moving average is $6.30. Baijiayun Group has a 12 month low of $0.57 and a 12 month high of $9.69.

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 shares of Baijiayun Group Ltd (NASDAQ:RTC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission. 3.35% of the stock is owned by institutional investors and hedge funds.

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.