Youdao, Inc. (NYSE:DAO – Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 134,300 shares, a decline of 31.8% from the September 30th total of 197,000 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 122,900 shares, the short-interest ratio is presently 1.1 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Youdao stock. Renaissance Technologies LLC grew its position in shares of Youdao, Inc. (NYSE:DAO – Free Report) by 6.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 52,300 shares of the company’s stock after acquiring an additional 3,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Youdao were worth $205,000 at the end of the most recent reporting period. Institutional investors own 21.91% of the company’s stock.
Youdao Trading Down 0.8 %
NYSE:DAO traded down $0.04 during mid-day trading on Friday, reaching $4.83. The company’s stock had a trading volume of 79,773 shares, compared to its average volume of 116,624. Youdao has a 12-month low of $2.86 and a 12-month high of $5.97. The firm’s fifty day moving average price is $3.94 and its two-hundred day moving average price is $3.76. The stock has a market cap of $584.04 million, a P/E ratio of -12.71 and a beta of -0.03.
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.
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