Gaotu Techedu Inc. (NYSE:GOTU) Short Interest Update

Gaotu Techedu Inc. (NYSE:GOTU) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 7,800,000 shares, an increase of 18.0% from the February 13th total of 6,610,000 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,630,000 shares, the short-interest ratio is presently 3.0 days.

Institutional Trading of Gaotu Techedu

Several large investors have recently made changes to their positions in GOTU. Two Sigma Advisers LP purchased a new stake in shares of Gaotu Techedu during the fourth quarter worth $41,000. Point72 Asset Management L.P. purchased a new stake in Gaotu Techedu during the 4th quarter valued at about $343,000. Lighthouse Investment Partners LLC purchased a new stake in Gaotu Techedu during the 4th quarter valued at about $103,000. Two Sigma Securities LLC acquired a new stake in Gaotu Techedu in the 4th quarter valued at about $86,000. Finally, Marshall Wace LLP acquired a new position in shares of Gaotu Techedu during the 4th quarter worth approximately $781,000. 48.42% of the stock is currently owned by hedge funds and other institutional investors.

Gaotu Techedu Trading Down 0.5 %

NYSE:GOTU traded down $0.02 during trading hours on Wednesday, hitting $3.90. 811,083 shares of the stock were exchanged, compared to its average volume of 2,343,437. The firm’s fifty day moving average price is $2.67 and its 200 day moving average price is $2.81. Gaotu Techedu has a 52-week low of $1.87 and a 52-week high of $8.44. The company has a market cap of $1.01 billion, a P/E ratio of -6.83 and a beta of 0.10.

Gaotu Techedu Company Profile

Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.