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

Youdao, Inc. (NYSE:DAO) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 252,300 shares, a decrease of 17.0% from the February 13th total of 303,800 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 181,700 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Youdao

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in Youdao by 29.1% during the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock valued at $65,000 after buying an additional 1,969 shares during the period. Public Employees Retirement System of Ohio grew its position 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 valued at $70,000 after acquiring an additional 8,318 shares during the last quarter. Symmetry Peak Management LLC bought a new position in Youdao in the 3rd quarter valued at $102,000. Jane Street Group LLC bought a new position in Youdao in the 4th quarter valued at $119,000. Finally, Vident Advisory LLC grew 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 during the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

Youdao Trading Down 4.2 %

NYSE:DAO traded down $0.37 during midday trading on Tuesday, hitting $8.44. 154,525 shares of the company traded hands, compared to its average volume of 121,681. The firm’s fifty day moving average is $8.36 and its 200-day moving average is $6.36. Youdao has a 12-month low of $2.86 and a 12-month high of $11.82. The firm has a market capitalization of $1.02 billion, a P/E ratio of 84.40 and a beta of 0.36.

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

Wall Street Analyst Weigh In

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

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.