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

Posted by James Quigley on Feb 13th, 2025

Baijiayun Group Ltd (NASDAQ:RTC – Get Free Report) was the recipient of a significant growth in short interest during the month of 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 company’s shares are sold short. Based on an average daily trading volume, of 296,800 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

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 – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing. Institutional investors own 3.35% of the company’s stock.

Baijiayun Group Price Performance

RTC traded down $0.04 on Wednesday, hitting $0.61. 928,595 shares of the company were exchanged, compared to its average volume of 652,480. The firm has a fifty day simple moving average of $3.05 and a two-hundred day simple moving average of $6.30. Baijiayun Group has a 12 month low of $0.57 and a 12 month high of $9.69.

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.