Youdao, Inc. (NYSE:DAO) Short Interest Up 10.9% in November

Youdao, Inc. (NYSE:DAO) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 202,100 shares, an increase of 10.9% from the October 31st total of 182,300 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 125,200 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Youdao

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Symmetry Peak Management LLC acquired a new stake in Youdao during the third quarter worth about $102,000. Renaissance Technologies LLC increased its position in Youdao by 6.7% during the second quarter. Renaissance Technologies LLC now owns 52,300 shares of the company’s stock worth $205,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Youdao by 98.4% during the second quarter. Acadian Asset Management LLC now owns 238,445 shares of the company’s stock worth $928,000 after purchasing an additional 118,245 shares during the last quarter. 21.91% of the stock is currently owned by institutional investors and hedge funds.

Youdao Trading Down 7.0 %

Youdao stock traded down $0.47 during midday trading on Monday, hitting $6.25. 132,977 shares of the stock were exchanged, compared to its average volume of 116,801. Youdao has a fifty-two week low of $2.86 and a fifty-two week high of $7.16. The stock has a market capitalization of $755.75 million, a price-to-earnings ratio of 89.29 and a beta of -0.06. The stock’s 50-day simple moving average is $4.99 and its 200 day simple moving average is $4.05.

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.