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

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

Institutional Inflows and Outflows

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

Baijiayun Group Price Performance

Shares of NASDAQ RTC traded down $0.71 during trading hours on Friday, reaching $4.80. 23,041 shares of the stock were exchanged, compared to its average volume of 51,802. The stock’s fifty day simple moving average is $8.20 and its 200 day simple moving average is $7.04. Baijiayun Group has a 52 week low of $2.47 and a 52 week high of $40.00.

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.