Gaotu Techedu Inc. (NYSE:GOTU) Short Interest Down 23.5% in March

Gaotu Techedu Inc. (NYSE:GOTU) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 5,970,000 shares, a decline of 23.5% from the February 28th total of 7,800,000 shares. Based on an average daily trading volume, of 2,680,000 shares, the short-interest ratio is currently 2.2 days. Currently, 4.1% of the company’s stock are short sold.

Institutional Trading of Gaotu Techedu

A number of hedge funds have recently made changes to their positions in GOTU. Public Employees Retirement System of Ohio purchased a new position in Gaotu Techedu during the third quarter valued at approximately $38,000. Catalyst Funds Management Pty Ltd purchased a new position in shares of Gaotu Techedu during the 4th quarter valued at $38,000. Two Sigma Advisers LP acquired a new position in shares of Gaotu Techedu in the fourth quarter worth $41,000. Two Sigma Securities LLC acquired a new position in shares of Gaotu Techedu in the fourth quarter worth $86,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Gaotu Techedu during the fourth quarter worth $103,000. 48.42% of the stock is owned by hedge funds and other institutional investors.

Gaotu Techedu Trading Down 2.2 %

Shares of Gaotu Techedu stock opened at $3.28 on Monday. Gaotu Techedu has a 1 year low of $1.87 and a 1 year high of $8.44. The stock has a 50-day moving average price of $2.90 and a 200 day moving average price of $2.83. The company has a market cap of $850.09 million, a P/E ratio of -5.75 and a beta of 0.10.

Gaotu Techedu Company Profile

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.