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

Youdao, Inc. (NYSE:DAO) was the target of a large decline in short interest in 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 trading volume, of 181,700 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

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

Youdao Price Performance

NYSE:DAO traded down $0.04 during trading hours on Thursday, hitting $8.44. The stock had a trading volume of 96,820 shares, compared to its average volume of 121,860. The company has a 50 day simple moving average of $8.43 and a two-hundred day simple moving average of $6.41. Youdao has a one year low of $2.86 and a one year high of $11.82. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 84.50 and a beta of 0.36.

Youdao (NYSE:DAO) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.10 EPS for the quarter. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%. The firm had revenue of $183.55 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DAO. Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 1,969 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings 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 worth $70,000 after acquiring an additional 8,318 shares during the last quarter. Symmetry Peak Management LLC bought a new stake in shares of Youdao during the 3rd quarter worth $102,000. Jane Street Group LLC bought a new stake in shares of Youdao during the 4th quarter worth $119,000. Finally, Vident Advisory LLC lifted its holdings in shares of Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company’s stock worth $146,000 after acquiring an additional 5,170 shares during the last quarter. 21.91% of the stock is owned by institutional investors.

About Youdao

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.