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

Gaotu Techedu Inc. (NYSE:GOTUGet Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 9,660,000 shares, an increase of 7.6% from the September 15th total of 8,980,000 shares. Currently, 6.5% of the company’s stock are sold short. Based on an average trading volume of 2,570,000 shares, the days-to-cover ratio is presently 3.8 days.

Analyst Ratings Changes

Separately, Citigroup lowered Gaotu Techedu from a “buy” rating to a “sell” rating in a research report on Tuesday, August 27th.

Read Our Latest Research Report on Gaotu Techedu

Gaotu Techedu Trading Down 2.8 %

Gaotu Techedu stock traded down $0.09 during midday trading on Thursday, hitting $3.15. The stock had a trading volume of 2,769,716 shares, compared to its average volume of 3,609,318. The business has a fifty day moving average price of $3.53 and a 200 day moving average price of $5.05. Gaotu Techedu has a 12 month low of $2.22 and a 12 month high of $8.44. The stock has a market cap of $814.04 million, a P/E ratio of -38.00 and a beta of -0.01.

Gaotu Techedu (NYSE:GOTUGet Free Report) last issued its quarterly earnings results on Tuesday, August 27th. The company reported ($0.23) earnings per share for the quarter. Gaotu Techedu had a negative net margin of 17.63% and a negative return on equity of 20.26%. The firm had revenue of $138.95 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GOTU. Headlands Technologies LLC bought a new position in Gaotu Techedu in the first quarter worth about $63,000. SG Americas Securities LLC bought a new stake in shares of Gaotu Techedu in the 2nd quarter worth approximately $75,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Gaotu Techedu in the 1st quarter worth approximately $99,000. Virtu Financial LLC acquired a new position in Gaotu Techedu during the 1st quarter valued at approximately $133,000. Finally, Marshall Wace LLP grew its stake in Gaotu Techedu by 158.2% during the 2nd quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock worth $380,000 after buying an additional 47,522 shares during the last quarter. 48.42% of the stock is currently owned by institutional investors.

About Gaotu Techedu

(Get Free Report)

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.

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