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

Baijiayun Group Ltd (NASDAQ:RTC) saw a large 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. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 30,600 shares, the short-interest ratio is presently 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 bought a new stake in Baijiayun Group Ltd (NASDAQ:RTC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 76,178 shares of the company’s stock, valued at approximately $629,000. 3.35% of the stock is owned by institutional investors and hedge funds.

Baijiayun Group Trading Down 12.9 %

Shares of RTC traded down $0.71 during mid-day trading on Friday, reaching $4.80. The company’s stock had a trading volume of 23,041 shares, compared to its average volume of 51,802. Baijiayun Group has a 12-month low of $2.47 and a 12-month high of $40.00. The company’s 50 day moving average is $8.20 and its 200 day moving average is $7.04.

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.