Gaotu Techedu Inc. (NYSE:GOTU) Sees Large Growth in Short Interest

Gaotu Techedu Inc. (NYSE:GOTU) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 7,800,000 shares, a growth of 18.0% from the February 13th total of 6,610,000 shares. Approximately 5.4% of the company’s stock are short sold. Based on an average trading volume of 2,630,000 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP bought a new position in shares of Gaotu Techedu during the 4th quarter worth approximately $41,000. Point72 Asset Management L.P. bought a new position in Gaotu Techedu in the fourth quarter valued at $343,000. Lighthouse Investment Partners LLC acquired a new stake in Gaotu Techedu in the 4th quarter valued at $103,000. Two Sigma Securities LLC bought a new stake in Gaotu Techedu during the 4th quarter worth about $86,000. Finally, Marshall Wace LLP acquired a new position in shares of Gaotu Techedu during the 4th quarter worth about $781,000. 48.42% of the stock is currently owned by institutional investors.

Gaotu Techedu Trading Down 7.6 %

GOTU stock opened at $3.60 on Friday. The stock has a 50-day moving average price of $2.74 and a two-hundred day moving average price of $2.82. Gaotu Techedu has a 1 year low of $1.87 and a 1 year high of $8.44. The stock has a market cap of $933.15 million, a PE ratio of -6.31 and a beta of 0.10.

About Gaotu Techedu

Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.