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

Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) was the recipient of a significant increase in short interest during the month of 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 shares of the company are short sold. Based on an average daily volume of 2,630,000 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Trading of Gaotu Techedu

Several large investors have recently made changes to their positions in the business. Two Sigma Advisers LP purchased a new position in shares of Gaotu Techedu during the fourth quarter worth $41,000. Point72 Asset Management L.P. acquired a new stake in Gaotu Techedu during the 4th quarter worth about $343,000. Lighthouse Investment Partners LLC purchased a new position in shares of Gaotu Techedu during the 4th quarter valued at about $103,000. Two Sigma Securities LLC acquired a new position in shares of Gaotu Techedu in the 4th quarter valued at about $86,000. Finally, Marshall Wace LLP purchased a new stake in shares of Gaotu Techedu in the fourth quarter worth about $781,000. 48.42% of the stock is owned by hedge funds and other institutional investors.

Gaotu Techedu Stock Down 5.7 %

Shares of Gaotu Techedu stock traded down $0.21 on Friday, reaching $3.40. 3,003,464 shares of the stock were exchanged, compared to its average volume of 2,344,943. Gaotu Techedu has a twelve month low of $1.87 and a twelve month high of $8.44. The business has a 50 day moving average price of $2.77 and a two-hundred day moving average price of $2.82. The firm has a market capitalization of $881.24 million, a price-to-earnings ratio of -5.96 and a beta of 0.10.

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Gaotu Techedu Company Profile

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.