Youdao, Inc. (NYSE:DAO) Short Interest Update

Youdao, Inc. (NYSE:DAO) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 252,300 shares, a decline of 17.0% from the February 13th total of 303,800 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 181,700 shares, the short-interest ratio is presently 1.4 days.

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.

Hedge Funds Weigh In On Youdao

A number of hedge funds have recently modified their holdings of DAO. Norges Bank purchased a new position in shares of Youdao in the fourth quarter valued at about $715,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Youdao in the fourth quarter valued at about $554,000. Marshall Wace LLP purchased a new position in shares of Youdao in the fourth quarter valued at about $479,000. Walleye Capital LLC purchased a new position in shares of Youdao in the fourth quarter valued at about $401,000. Finally, Bank of America Corp DE increased its position in shares of Youdao by 13,310.0% in the fourth quarter. Bank of America Corp DE now owns 32,050 shares of the company’s stock valued at $237,000 after acquiring an additional 31,811 shares during the period. Hedge funds and other institutional investors own 21.91% of the company’s stock.

Youdao Price Performance

Youdao stock traded down $0.04 during mid-day trading on Thursday, hitting $8.44. The company’s stock had a trading volume of 96,820 shares, compared to its average volume of 121,860. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 84.50 and a beta of 0.36. The business has a 50 day moving average price of $8.43 and a 200-day moving average price of $6.41. Youdao has a 12 month low of $2.86 and a 12 month high of $11.82.

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

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.