Youdao, Inc. (NYSE:DAO) Sees Large Increase in Short Interest

Youdao, Inc. (NYSE:DAO) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 326,600 shares, a growth of 29.4% from the February 28th total of 252,300 shares. Based on an average trading volume of 177,900 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Youdao by 29.1% in the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock valued at $65,000 after purchasing an additional 1,969 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Youdao by 754.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company’s stock valued at $70,000 after purchasing an additional 8,318 shares during the last quarter. Symmetry Peak Management LLC bought a new position in Youdao during the 3rd quarter valued at about $102,000. Jane Street Group LLC acquired a new position in Youdao in the fourth quarter valued at about $119,000. Finally, Vident Advisory LLC grew its stake in Youdao by 35.6% during the fourth quarter. Vident Advisory LLC now owns 19,707 shares of the company’s stock worth $146,000 after buying an additional 5,170 shares during the last quarter. Institutional investors own 21.91% of the company’s stock.

Youdao Price Performance

Shares of DAO stock traded up $0.04 during trading on Tuesday, reaching $7.67. The company had a trading volume of 119,732 shares, compared to its average volume of 124,209. The company has a market capitalization of $927.58 million, a PE ratio of 76.71 and a beta of 0.36. The firm’s 50 day simple moving average is $8.63 and its two-hundred day simple moving average is $6.73. Youdao has a one year low of $2.86 and a one year high of $11.82.

Youdao (NYSE:DAO) last released its earnings results on Thursday, February 20th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $183.55 million for the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Youdao from a “buy” rating to a “neutral” rating in a report on Thursday, December 19th.

Youdao Company Profile

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.