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

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

Institutional Investors Weigh In On Youdao

Several large investors have recently modified their holdings of DAO. Blue Trust Inc. boosted its stake in 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 buying an additional 1,969 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Youdao by 754.1% in 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 in the last quarter. Walleye Trading LLC acquired a new position in Youdao during the 1st quarter worth about $115,000. Jane Street Group LLC bought a new stake in shares of Youdao during the fourth quarter worth $119,000. Finally, Vident Advisory LLC lifted its position in Youdao by 35.6% during the 4th quarter. Vident Advisory LLC now owns 19,707 shares of the company's stock valued at $146,000 after purchasing an additional 5,170 shares during the period. 21.91% of the stock is currently owned by institutional investors.

Youdao Trading Up 0.1%

DAO traded up $0.01 on Wednesday, hitting $8.95. 41,538 shares of the stock traded hands, compared to its average volume of 126,539. The business has a fifty day moving average price of $8.35 and a two-hundred day moving average price of $7.93. The firm has a market capitalization of $1.07 billion, a PE ratio of 89.50 and a beta of 0.34. Youdao has a 52 week low of $2.86 and a 52 week high of $11.82.

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 analysts' consensus estimates of $0.21 by ($0.12). Youdao had a net margin of 1.50% and a negative return on equity of 3.75%. The firm had revenue of $191.74 million during the quarter, compared to analyst estimates of $1.30 billion.

Wall Street Analyst Weigh In

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

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.

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