Gaotu Techedu Inc. (NYSE:GOTU) Short Interest Up 18.0% in February

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

Institutional Investors Weigh In On Gaotu Techedu

Institutional investors have recently bought and sold shares of the business. Barclays PLC increased its stake in Gaotu Techedu by 87.8% in the 3rd quarter. Barclays PLC now owns 73,008 shares of the company’s stock valued at $286,000 after buying an additional 34,133 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 during the last quarter. State Street Corp lifted its holdings in Gaotu Techedu by 20.7% in the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock worth $2,059,000 after purchasing an additional 90,115 shares during the last quarter. GSA Capital Partners LLP boosted its position in Gaotu Techedu by 249.7% during the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock worth $356,000 after purchasing an additional 64,896 shares during the period. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of Gaotu Techedu in the third quarter valued at approximately $337,000. 48.42% of the stock is currently owned by institutional investors and hedge funds.

Gaotu Techedu Price Performance

Gaotu Techedu stock traded down $0.37 during midday trading on Thursday, reaching $3.53. The stock had a trading volume of 1,884,665 shares, compared to its average volume of 2,845,552. Gaotu Techedu has a twelve month low of $1.87 and a twelve month high of $8.44. The firm has a market cap of $914.98 million, a price-to-earnings ratio of -6.18 and a beta of 0.10. The firm’s fifty day simple moving average is $2.71 and its two-hundred day simple moving average is $2.82.

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.