Youdao, Inc. (NYSE:DAO) Sees Large Increase in Short Interest

Youdao, Inc. (NYSE:DAO - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 303,800 shares, an increase of 19.6% from the January 31st total of 254,100 shares. Based on an average daily trading volume, of 180,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.1% of the company's stock are short sold.

Wall Street Analyst Weigh In

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

Institutional Trading of Youdao

A number of large investors have recently bought and sold shares of DAO. Blue Trust Inc. boosted its stake in 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. Public Employees Retirement System of Ohio boosted its stake in 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. Symmetry Peak Management LLC acquired a new stake in Youdao during the 3rd quarter worth $102,000. Jane Street Group LLC acquired a new stake in Youdao during the 4th quarter worth $119,000. Finally, Vident Advisory LLC boosted its holdings in Youdao by 35.6% in the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock valued at $146,000 after purchasing an additional 5,170 shares in the last quarter. Institutional investors and hedge funds own 21.91% of the company's stock.

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Youdao Price Performance

Shares of Youdao stock traded up $0.36 during trading hours on Friday, hitting $8.65. The company had a trading volume of 173,370 shares, compared to its average volume of 197,933. The company's 50-day moving average is $8.20 and its two-hundred day moving average is $6.13. Youdao has a twelve month low of $2.86 and a twelve month high of $11.82. The company has a market cap of $1.05 billion, a P/E ratio of 86.49 and a beta of 0.36.

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