Baijiayun Group Ltd (NASDAQ:RTC) Sees Large Decrease in Short Interest

Baijiayun Group Ltd (NASDAQ:RTC) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 479,200 shares, a decline of 45.1% from the February 28th total of 872,600 shares. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is currently 0.3 days. Approximately 4.8% of the company’s shares are sold short.

Baijiayun Group Stock Down 10.3 %

Shares of NASDAQ:RTC traded down $0.03 on Friday, reaching $0.27. 151,298 shares of the company traded hands, compared to its average volume of 1,728,841. The business’s 50-day simple moving average is $0.67 and its 200 day simple moving average is $4.69. Baijiayun Group has a 52 week low of $0.26 and a 52 week high of $9.69.

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 bought a new position in Baijiayun Group Ltd (NASDAQ:RTC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 76,178 shares of the company’s stock, valued at approximately $629,000. 3.35% of the stock is owned by institutional investors.

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.