Short Interest in Youdao, Inc. (NYSE:DAO) Increases By 29.4%

Youdao, Inc. (NYSE:DAO - Get Free Report) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 326,600 shares, a growth of 29.4% from the February 28th total of 252,300 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 177,900 shares, the short-interest ratio is currently 1.8 days.

Institutional Investors Weigh In On Youdao

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAO. Public Employees Retirement System of Ohio increased its holdings in Youdao by 754.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock valued at $70,000 after purchasing an additional 8,318 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Youdao by 35.6% in the fourth quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock valued at $146,000 after buying an additional 5,170 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Youdao by 13,310.0% during the 4th quarter. Bank of America Corp DE now owns 32,050 shares of the company's stock valued at $237,000 after buying an additional 31,811 shares during the period. Jane Street Group LLC purchased a new position in Youdao in the 4th quarter worth approximately $119,000. Finally, Marshall Wace LLP acquired a new stake in Youdao in the fourth quarter valued at approximately $479,000. 21.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Youdao from a "buy" rating to a "neutral" rating in a research note on Thursday, December 19th.

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Youdao Stock Down 9.7 %

Shares of DAO traded down $0.75 on Friday, reaching $7.00. The stock had a trading volume of 181,230 shares, compared to its average volume of 124,909. Youdao has a twelve month low of $2.86 and a twelve month high of $11.82. The firm has a market capitalization of $846.44 million, a PE ratio of 70.00 and a beta of 0.32. The firm has a 50-day moving average of $8.67 and a 200 day moving average of $6.75.

Youdao (NYSE:DAO - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $183.55 million during the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%.

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.