Youdao, Inc. (NYSE:DAO) Short Interest Up 5.6% in January

Youdao, Inc. (NYSE:DAO) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 254,100 shares, an increase of 5.6% from the January 15th total of 240,700 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 144,300 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Investors Weigh In On Youdao

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Symmetry Peak Management LLC acquired a new stake in shares of Youdao during the third quarter worth about $102,000. Blue Trust Inc. raised its stake in Youdao by 29.1% during the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company’s stock valued at $65,000 after acquiring an additional 1,969 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Youdao during the 4th quarter worth approximately $554,000. Norges Bank purchased a new position in shares of Youdao in the 4th quarter valued at approximately $715,000. Finally, Renaissance Technologies LLC grew its stake in shares of Youdao by 3.3% in the 4th quarter. Renaissance Technologies LLC now owns 57,100 shares of the company’s stock valued at $423,000 after purchasing an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.

Youdao Trading Up 5.1 %

Shares of Youdao stock traded up $0.50 on Monday, hitting $10.27. The stock had a trading volume of 255,947 shares, compared to its average volume of 86,631. The company’s 50 day moving average price is $7.54 and its 200 day moving average price is $5.50. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 146.71 and a beta of 0.03. Youdao has a 52-week low of $2.86 and a 52-week high of $11.82.

Analyst Upgrades and Downgrades

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

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.