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

Posted by Teresa Graham on Feb 13th, 2025

Baijiayun Group Ltd (NASDAQ:RTC – Get Free Report) 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. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 296,800 shares, the short-interest ratio is currently 0.9 days.

Baijiayun Group Price Performance

Baijiayun Group stock traded up $0.03 during trading on Thursday, reaching $0.64. The company had a trading volume of 758,272 shares, compared to its average volume of 656,152. The firm’s 50-day simple moving average is $2.88 and its 200 day simple moving average is $6.26. Baijiayun Group has a 1-year low of $0.57 and a 1-year high of $9.69.

Institutional Trading of Baijiayun Group

A hedge fund recently bought a new stake in Baijiayun Group stock. Garden State Investment Advisory Services LLC acquired a new stake in Baijiayun Group Ltd (NASDAQ:RTC – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 SEC. Hedge funds and other institutional investors own 3.35% of the company’s stock.

Baijiayun Group Company Profile

(Get Free Report)

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.