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

Baijiayun Group Ltd (NASDAQ:RTC) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 190,400 shares, a decrease of 25.3% from the January 31st total of 254,900 shares. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.9% of the company’s shares are sold short.

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 stake in shares of Baijiayun Group Ltd (NASDAQ:RTC) in the 3rd quarter, according to its most recent 13F 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 approximately 0.39% of Baijiayun Group at the end of the most recent reporting period. 3.35% of the stock is currently owned by hedge funds and other institutional investors.

Baijiayun Group Stock Performance

Shares of NASDAQ RTC traded down $0.05 during midday trading on Tuesday, hitting $0.34. The stock had a trading volume of 1,475,797 shares, compared to its average volume of 2,081,651. Baijiayun Group has a 1-year low of $0.31 and a 1-year high of $9.69. The company has a fifty day moving average price of $1.63 and a 200 day moving average price of $5.55.

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.