Baijiayun Group Ltd (NASDAQ:RTC) Short Interest Down 25.3% in February

Baijiayun Group Ltd (NASDAQ:RTC) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 190,400 shares, a decrease of 25.3% from the January 31st total of 254,900 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is currently 0.2 days.

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 shares of Baijiayun Group Ltd (NASDAQ:RTC) in the third quarter, according to its most recent disclosure 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 approximately 0.39% of Baijiayun Group at the end of the most recent reporting period. 3.35% of the stock is currently owned by institutional investors and hedge funds.

Baijiayun Group Stock Performance

Shares of RTC traded down $0.05 during mid-day trading on Tuesday, hitting $0.34. The company’s stock had a trading volume of 1,475,797 shares, compared to its average volume of 2,081,651. The firm has a 50-day moving average price of $1.63 and a 200 day moving average price of $5.55. Baijiayun Group has a fifty-two week low of $0.31 and a fifty-two week 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.