Gaotu Techedu Inc. (NYSE:GOTU) Short Interest Up 18.0% in February

Gaotu Techedu Inc. (NYSE:GOTU) saw a large increase in short interest in 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. Based on an average daily volume of 2,630,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 5.4% of the shares of the company are sold short.

Gaotu Techedu Stock Performance

Shares of GOTU traded down $0.37 during trading hours on Thursday, reaching $3.53. 1,884,665 shares of the company traded hands, compared to its average volume of 2,845,552. The stock’s fifty day moving average is $2.71 and its 200 day moving average is $2.82. Gaotu Techedu has a 1-year low of $1.87 and a 1-year high of $8.44. The stock has a market cap of $914.98 million, a P/E ratio of -6.18 and a beta of 0.10.

Hedge Funds Weigh In On Gaotu Techedu

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Gaotu Techedu during the third quarter valued at approximately $38,000. Catalyst Funds Management Pty Ltd acquired a new stake in Gaotu Techedu during the fourth quarter worth $38,000. Two Sigma Advisers LP bought a new stake in Gaotu Techedu in the 4th quarter valued at $41,000. Two Sigma Securities LLC acquired a new position in shares of Gaotu Techedu in the 4th quarter valued at $86,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Gaotu Techedu during the 4th quarter worth about $103,000. Institutional investors and hedge funds own 48.42% of the company’s stock.

About Gaotu Techedu

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.