Baijiayun Group Ltd (NASDAQ:RTC – Get Free Report) was the recipient of 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 30,600 shares, the short-interest ratio is currently 0.4 days.
Hedge Funds Weigh In On 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 shares of Baijiayun Group Ltd (NASDAQ:RTC – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 76,178 shares of the company’s stock, valued at approximately $629,000. Hedge funds and other institutional investors own 3.35% of the company’s stock.
Baijiayun Group Price Performance
Shares of RTC traded down $0.71 during trading hours on Friday, reaching $4.80. 23,041 shares of the company’s stock traded hands, compared to its average volume of 51,802. Baijiayun Group has a twelve month low of $2.47 and a twelve month high of $40.00. The business’s fifty day simple moving average is $8.20 and its two-hundred day simple moving average is $7.04.
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.
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