Short Interest in Baijiayun Group Ltd (NASDAQ:RTC) Increases By 358.3%

Baijiayun Group Ltd (NASDAQ:RTC) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 872,600 shares, an increase of 358.3% from the February 13th total of 190,400 shares. Based on an average trading volume of 1,470,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 8.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Baijiayun Group

An institutional investor recently bought a new position in Baijiayun Group stock. Garden State Investment Advisory Services LLC purchased a new position in Baijiayun Group Ltd (NASDAQ:RTC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 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 at the end of the most recent quarter. 3.35% of the stock is owned by institutional investors.

Baijiayun Group Price Performance

Shares of NASDAQ:RTC opened at $0.34 on Thursday. The company’s fifty day moving average is $1.16 and its two-hundred day moving average is $5.19. Baijiayun Group has a 1-year low of $0.31 and a 1-year high of $9.69.

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.