Baijiayun Group Ltd (NASDAQ:RTC) Short Interest Up 138.3% in January

Baijiayun Group Ltd (NASDAQ:RTCGet Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 73,400 shares, an increase of 138.3% from the January 15th total of 30,800 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 370,800 shares, the short-interest ratio is presently 0.2 days.

Baijiayun Group Trading Down 10.3 %

RTC traded down $0.08 during midday trading on Monday, reaching $0.68. 592,933 shares of the company were exchanged, compared to its average volume of 839,035. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.47 and a quick ratio of 2.33. Baijiayun Group has a one year low of $0.59 and a one year high of $9.56. The stock’s 50-day simple moving average is $2.15 and its 200 day simple moving average is $3.33.

Hedge Funds Weigh In On Baijiayun Group

A hedge fund recently bought a new stake in Baijiayun Group stock. Renaissance Technologies LLC bought a new position in shares of Baijiayun Group Ltd (NASDAQ:RTCFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 140,895 shares of the company’s stock, valued at approximately $1,322,000. Renaissance Technologies LLC owned about 4.31% of Baijiayun Group at the end of the most recent quarter. 4.06% of the stock is owned by institutional investors and hedge funds.

About Baijiayun Group

(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.

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