Baijiayun Group Ltd (NASDAQ:RTC) Short Interest Up 75.6% in December

Baijiayun Group Ltd (NASDAQ:RTC) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 13,700 shares, a growth of 75.6% from the December 15th total of 7,800 shares. Based on an average trading volume of 45,600 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Baijiayun Group

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 third quarter, according to the company in its most recent 13F 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. Garden State Investment Advisory Services LLC owned 0.39% of Baijiayun Group as of its most recent SEC filing. Institutional investors own 3.35% of the company’s stock.

Baijiayun Group Price Performance

Shares of NASDAQ RTC traded down $0.07 during midday trading on Wednesday, hitting $2.07. 42,391 shares of the company traded hands, compared to its average volume of 70,461. Baijiayun Group has a 12-month low of $1.88 and a 12-month high of $40.00. The stock has a 50-day moving average price of $6.12 and a 200 day moving average price of $6.98.

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.