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

Youdao, Inc. (NYSE:DAO) saw a large decline in short interest in 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. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 181,700 shares, the days-to-cover ratio is currently 1.4 days.

Analyst Upgrades and Downgrades

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

Institutional Trading of Youdao

Several institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake 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 valued at $70,000 after purchasing an additional 8,318 shares in the last quarter. Vident Advisory LLC increased its holdings in Youdao by 35.6% in the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company’s stock worth $146,000 after buying an additional 5,170 shares in the last quarter. Bank of America Corp DE boosted its holdings in Youdao by 13,310.0% in the fourth quarter. Bank of America Corp DE now owns 32,050 shares of the company’s stock worth $237,000 after purchasing an additional 31,811 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Youdao in the fourth quarter worth $119,000. Finally, Marshall Wace LLP bought a new stake in shares of Youdao during the 4th quarter valued at about $479,000. 21.91% of the stock is currently owned by hedge funds and other institutional investors.

Youdao Price Performance

DAO stock traded up $0.07 during mid-day trading on Wednesday, reaching $8.50. 97,321 shares of the company traded hands, compared to its average volume of 121,948. The company has a fifty day moving average price of $8.43 and a 200-day moving average price of $6.41. Youdao has a 52-week low of $2.86 and a 52-week high of $11.82. The company has a market capitalization of $1.03 billion, a P/E ratio of 84.95 and a beta of 0.36.

Youdao (NYSE:DAO) last issued its quarterly earnings data 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 3.75% and a net margin of 1.50%.

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.