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

Youdao, Inc. (NYSE:DAO) was the recipient of a large growth in short interest during the month of 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. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 180,000 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DAO. Blue Trust Inc. lifted its stake in shares of Youdao by 29.1% in the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock valued at $65,000 after purchasing an additional 1,969 shares during the period. Public Employees Retirement System of Ohio raised its stake in Youdao by 754.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company’s stock valued at $70,000 after buying an additional 8,318 shares during the last quarter. Symmetry Peak Management LLC purchased a new position in Youdao during the third quarter valued at $102,000. Jane Street Group LLC purchased a new position in Youdao during the fourth quarter valued at $119,000. Finally, Vident Advisory LLC raised its stake in Youdao by 35.6% during the fourth quarter. Vident Advisory LLC now owns 19,707 shares of the company’s stock valued at $146,000 after buying an additional 5,170 shares during the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

Analyst Ratings Changes

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

Youdao Price Performance

DAO opened at $8.65 on Friday. The stock’s 50 day simple moving average is $8.20 and its 200 day simple moving average is $6.11. Youdao has a 1 year low of $2.86 and a 1 year high of $11.82. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 86.49 and a beta of 0.36.

Youdao (NYSE:DAO) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $183.55 million for 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.