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

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Youdao

A number of institutional investors have recently added to or reduced their stakes in DAO. Symmetry Peak Management LLC purchased a new stake in Youdao during the 3rd quarter worth about $102,000. Blue Trust Inc. lifted its holdings 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Youdao during the 4th quarter worth about $554,000. Norges Bank purchased a new stake in shares of Youdao in the 4th quarter valued at about $715,000. Finally, Renaissance Technologies LLC raised its holdings in shares of 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 acquiring an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

Youdao Trading Up 4.3 %

DAO stock opened at $8.65 on Friday. Youdao has a 1-year low of $2.86 and a 1-year high of $11.82. The stock has a market cap of $1.05 billion, a P/E ratio of 86.49 and a beta of 0.36. The stock’s fifty day simple moving average is $8.20 and its two-hundred day simple moving average is $6.11.

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 company 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%.

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.