Youdao, Inc. (NYSE:DAO) Short Interest Update

Youdao, Inc. (NYSE:DAO) saw 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. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 177,900 shares, the short-interest ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Youdao

Several large investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in shares of Youdao by 3.3% during the 4th quarter. Renaissance Technologies LLC now owns 57,100 shares of the company’s stock valued at $423,000 after acquiring an additional 1,800 shares during the last quarter. Blue Trust Inc. grew its stake in Youdao by 29.1% in the fourth quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock valued at $65,000 after acquiring an additional 1,969 shares during the period. Vident Advisory LLC lifted its position in Youdao by 35.6% in the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company’s stock valued at $146,000 after acquiring an additional 5,170 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Youdao by 754.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company’s stock worth $70,000 after purchasing an additional 8,318 shares during the period. Finally, Jane Street Group LLC bought a new position in Youdao during the 4th quarter worth about $119,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.

Youdao Stock Up 0.5 %

NYSE:DAO traded up $0.04 during trading hours on Tuesday, hitting $7.67. 119,732 shares of the stock were exchanged, compared to its average volume of 124,209. Youdao has a twelve month low of $2.86 and a twelve month high of $11.82. The company has a market capitalization of $927.58 million, a P/E ratio of 76.71 and a beta of 0.36. The company’s 50 day moving average is $8.63 and its two-hundred day moving average is $6.73.

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

About Youdao

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.