Gaotu Techedu Inc. (NYSE:GOTU) Short Interest Update

Gaotu Techedu Inc. (NYSE:GOTU) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 5,970,000 shares, a decline of 23.5% from the February 28th total of 7,800,000 shares. Based on an average daily volume of 2,680,000 shares, the short-interest ratio is presently 2.2 days. Currently, 4.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of Gaotu Techedu by 87.8% in the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock worth $286,000 after acquiring an additional 34,133 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Gaotu Techedu by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company’s stock worth $3,265,000 after purchasing an additional 108,224 shares in the last quarter. State Street Corp raised its holdings in Gaotu Techedu by 20.7% during the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock worth $2,059,000 after buying an additional 90,115 shares during the period. Garden State Investment Advisory Services LLC purchased a new stake in Gaotu Techedu during the third quarter valued at about $337,000. Finally, Catalyst Funds Management Pty Ltd acquired a new position in shares of Gaotu Techedu in the fourth quarter worth about $38,000. Institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Trading Down 8.8 %

GOTU stock traded down $0.29 on Tuesday, hitting $2.97. 4,306,593 shares of the company’s stock traded hands, compared to its average volume of 2,387,273. The stock has a market cap of $769.63 million, a price-to-earnings ratio of -5.20 and a beta of 0.10. Gaotu Techedu has a 1-year low of $1.87 and a 1-year high of $8.44. The stock has a fifty day moving average of $2.94 and a 200-day moving average of $2.84.

Gaotu Techedu Company Profile

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.