Gaotu Techedu Inc. (NYSE:GOTU) Short Interest Update

Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) was the recipient of 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 shares of the company are short sold. Based on an average trading volume of 2,680,000 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Gaotu Techedu during the third quarter valued at about $38,000. Catalyst Funds Management Pty Ltd bought a new stake in Gaotu Techedu during the 4th quarter valued at $38,000. Two Sigma Advisers LP purchased a new stake in shares of Gaotu Techedu during the fourth quarter worth $41,000. Two Sigma Securities LLC bought a new stake in shares of Gaotu Techedu during the 4th quarter valued at $86,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in Gaotu Techedu during the 4th quarter worth about $103,000. Institutional investors own 48.42% of the company's stock.

Gaotu Techedu Stock Down 4.8 %

Gaotu Techedu stock traded down $0.15 during trading on Friday, hitting $2.85. The stock had a trading volume of 1,474,126 shares, compared to its average volume of 2,382,399. The stock's 50 day moving average is $2.99 and its two-hundred day moving average is $2.84. Gaotu Techedu has a 1 year low of $1.87 and a 1 year high of $8.44. The stock has a market cap of $738.48 million, a price-to-earnings ratio of -4.99 and a beta of 0.10.

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.