Youdao, Inc. (NYSE:DAO) Short Interest Up 5.6% in January

Youdao, Inc. (NYSE:DAO - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 254,100 shares, a growth of 5.6% from the January 15th total of 240,700 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 144,300 shares, the days-to-cover ratio is currently 1.8 days.

Youdao Trading Down 1.3 %

DAO traded down $0.14 during midday trading on Friday, hitting $10.25. The company's stock had a trading volume of 336,293 shares, compared to its average volume of 187,603. The firm has a market cap of $1.24 billion, a P/E ratio of 146.43 and a beta of 0.03. The firm has a 50-day moving average price of $7.84 and a two-hundred day moving average price of $5.72. Youdao has a 52-week low of $2.86 and a 52-week high of $11.82.

Youdao (NYSE:DAO - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.10 EPS for the quarter. The company had revenue of $183.55 million during the quarter. Youdao had a negative return on equity of 3.12% and a net margin of 1.03%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Youdao

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in Youdao by 3.3% in the 4th quarter. Renaissance Technologies LLC now owns 57,100 shares of the company's stock valued at $423,000 after buying an additional 1,800 shares during the period. Blue Trust Inc. grew its holdings in shares of Youdao by 29.1% during the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock worth $65,000 after purchasing an additional 1,969 shares during the period. Vident Advisory LLC grew its holdings in shares of Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock worth $146,000 after purchasing an additional 5,170 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Youdao by 754.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock worth $70,000 after purchasing an additional 8,318 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Youdao during the 4th quarter worth about $119,000. Hedge funds and other institutional investors own 21.91% of the company's stock.

Youdao Company Profile

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.