Youdao, Inc. (NYSE:DAO) Short Interest Down 13.4% in May

Youdao, Inc. (NYSE:DAO - Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 368,000 shares, a drop of 13.4% from the April 30th total of 424,900 shares. Based on an average trading volume of 136,800 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the company's stock are short sold.

Youdao Stock Performance

NYSE DAO traded down $0.05 during trading on Friday, reaching $9.04. 45,118 shares of the company traded hands, compared to its average volume of 126,942. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 90.35 and a beta of 0.34. Youdao has a 1-year low of $2.86 and a 1-year high of $11.82. The stock's 50 day moving average price is $8.41 and its two-hundred day moving average price is $8.03.

Youdao (NYSE:DAO - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). The business had revenue of $191.74 million for the quarter, compared to the consensus estimate of $1.30 billion. Youdao had a net margin of 1.50% and a negative return on equity of 3.75%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Youdao from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Institutional Investors Weigh In On Youdao

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Youdao by 29.1% during the fourth 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 period. Public Employees Retirement System of Ohio grew its stake in shares of Youdao by 754.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 9,421 shares of the company's stock worth $70,000 after buying an additional 8,318 shares during the last quarter. Walleye Trading LLC bought a new stake in shares of Youdao during the first quarter worth $115,000. Jane Street Group LLC bought a new stake in shares of Youdao in the fourth quarter worth $119,000. Finally, Vident Advisory LLC grew its stake in shares of Youdao by 35.6% in the fourth quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock worth $146,000 after purchasing an additional 5,170 shares during the last quarter. 21.91% of the stock is currently owned by institutional investors and hedge funds.

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.