Youdao, Inc. (NYSE:DAO) Sees Large Increase in Short Interest

Youdao, Inc. (NYSE:DAO) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 413,900 shares, an increase of 7.0% from the March 15th total of 386,700 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 154,800 shares, the short-interest ratio is currently 2.7 days.

Institutional Trading of Youdao

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in Youdao by 16.0% in the 3rd quarter. Renaissance Technologies LLC now owns 29,700 shares of the company’s stock valued at $117,000 after buying an additional 4,100 shares in the last quarter. Bank of America Corp DE raised its position in Youdao by 305.4% in the 1st quarter. Bank of America Corp DE now owns 8,505 shares of the company’s stock valued at $72,000 after purchasing an additional 6,407 shares during the last quarter. State Street Corp raised its position in shares of Youdao by 3.1% during the first quarter. State Street Corp now owns 219,217 shares of the company’s stock worth $1,556,000 after acquiring an additional 6,552 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Youdao by 45.9% during the second quarter. Envestnet Asset Management Inc. now owns 22,100 shares of the company’s stock worth $109,000 after acquiring an additional 6,954 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Youdao during the first quarter worth $61,000. Institutional investors and hedge funds own 21.91% of the company’s stock.

Youdao Stock Down 4.5 %

Shares of NYSE DAO opened at $3.81 on Tuesday. Youdao has a 12 month low of $2.94 and a 12 month high of $6.71. The company has a market cap of $475.45 million, a P/E ratio of -6.05 and a beta of -0.11. The business’s 50 day moving average is $4.08 and its two-hundred day moving average is $3.98.

Youdao (NYSE:DAO) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $208.53 million for the quarter.

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.