Short Interest in Baijiayun Group Ltd (NASDAQ:RTC) Declines By 35.0%

Baijiayun Group Ltd (NASDAQ:RTC) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 7,800 shares, a decrease of 35.0% from the November 30th total of 12,000 shares. Based on an average daily trading volume, of 36,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Baijiayun Group Trading Down 5.6 %

Shares of Baijiayun Group stock traded down $0.20 on Monday, hitting $3.38. 13,802 shares of the company traded hands, compared to its average volume of 52,091. Baijiayun Group has a 12-month low of $2.47 and a 12-month high of $40.00. The company has a 50-day moving average price of $7.33 and a 200 day moving average price of $6.99.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Baijiayun Group stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of Baijiayun Group Ltd (NASDAQ:RTC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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.