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Gaotu Techedu Inc. (NYSE:GOTU) Sees Significant Decrease in Short Interest

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Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 5,970,000 shares, a decrease of 23.5% from the February 28th total of 7,800,000 shares. Approximately 4.1% of the company's stock are short sold. Based on an average daily volume of 2,680,000 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Gaotu Techedu during the 4th quarter worth about $3,583,000. JPMorgan Chase & Co. boosted its position in shares of Gaotu Techedu by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company's stock valued at $3,265,000 after acquiring an additional 108,224 shares in the last quarter. State Street Corp increased its stake in Gaotu Techedu by 20.7% in the third quarter. State Street Corp now owns 525,166 shares of the company's stock valued at $2,059,000 after acquiring an additional 90,115 shares during the period. Marshall Wace LLP acquired a new stake in Gaotu Techedu in the 4th quarter valued at $781,000. Finally, Pinpoint Asset Management Ltd grew its holdings in shares of Gaotu Techedu by 14.3% in the 3rd quarter. Pinpoint Asset Management Ltd now owns 229,445 shares of the company's stock worth $899,000 after purchasing an additional 28,776 shares during the last quarter. 48.42% of the stock is owned by institutional investors.

Gaotu Techedu Price Performance

Gaotu Techedu stock traded up $0.08 during trading hours on Wednesday, hitting $3.05. The company had a trading volume of 1,373,319 shares, compared to its average volume of 2,386,447. The firm has a market capitalization of $791.69 million, a P/E ratio of -5.35 and a beta of 0.10. Gaotu Techedu has a fifty-two week low of $1.87 and a fifty-two week high of $8.44. The firm's fifty day moving average is $2.94 and its 200-day moving average is $2.84.

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About Gaotu Techedu

(Get Free Report)

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.

Further Reading

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