Youdao, Inc. (NYSE:DAO) Short Interest Up 7.0% in March

Youdao, Inc. (NYSE:DAO) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 413,900 shares, an increase of 7.0% from the March 15th total of 386,700 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 154,800 shares, the short-interest ratio is presently 2.7 days.

Youdao Price Performance

Shares of DAO opened at $3.89 on Wednesday. The stock has a market capitalization of $485.43 million, a price-to-earnings ratio of -6.17 and a beta of -0.11. Youdao has a 1 year low of $2.94 and a 1 year high of $6.71. The business’s 50 day simple moving average is $4.08 and its 200-day simple moving average is $3.98.

Youdao (NYSE:DAO) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $208.53 million for the quarter.

Institutional Trading of Youdao

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in Youdao during the 3rd quarter valued at $31,000. Sei Investments Co. bought a new position in Youdao in the 2nd quarter valued at $55,000. Northern Trust Corp bought a new position in shares of Youdao during the 2nd quarter worth $59,000. Russell Investments Group Ltd. bought a new position in shares of Youdao during the 1st quarter worth $61,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Youdao during the 4th quarter worth $65,000. Hedge funds and other institutional investors own 21.91% of the company’s stock.

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.