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

Baijiayun Group Ltd (NASDAQ:RTC) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 12,000 shares, a growth of 55.8% from the November 15th total of 7,700 shares. Based on an average trading volume of 30,600 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Baijiayun Group Trading Down 12.9 %

NASDAQ RTC traded down $0.71 on Friday, hitting $4.80. 23,041 shares of the stock traded hands, compared to its average volume of 51,802. The stock has a 50-day moving average of $8.20 and a 200 day moving average of $7.04. Baijiayun Group has a twelve month low of $2.47 and a twelve month high of $40.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Baijiayun Group stock. Garden State Investment Advisory Services LLC acquired a new position in shares of Baijiayun Group Ltd (NASDAQ:RTC) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 76,178 shares of the company’s stock, valued at approximately $629,000. 3.35% of the stock is owned by institutional investors.

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.