Youdao, Inc. (NYSE:DAO) Short Interest Down 31.8% in October

Youdao, Inc. (NYSE:DAO - Get Free Report) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 134,300 shares, a decrease of 31.8% from the September 30th total of 197,000 shares. Based on an average daily trading volume, of 122,900 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the company's shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Youdao stock. Renaissance Technologies LLC grew its stake in shares of Youdao, Inc. (NYSE:DAO - Free Report) by 6.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,300 shares of the company's stock after purchasing an additional 3,300 shares during the quarter. Renaissance Technologies LLC's holdings in Youdao were worth $205,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.91% of the company's stock.

Youdao Stock Down 0.8 %

DAO traded down $0.04 during trading on Friday, reaching $4.83. The company had a trading volume of 79,773 shares, compared to its average volume of 116,624. The business has a 50 day simple moving average of $3.94 and a 200-day simple moving average of $3.76. The stock has a market cap of $584.04 million, a P/E ratio of -12.71 and a beta of -0.03. Youdao has a 52 week low of $2.86 and a 52 week high of $5.97.

Youdao (NYSE:DAO - Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.86) by $1.74. The firm had revenue of $181.88 million during the quarter.

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.