Youdao, Inc. Unsponsored ADR (NYSE:DAO) Sees Large Decrease in Short Interest

Youdao, Inc. Unsponsored ADR (NYSE:DAO) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 587,979 shares, a decrease of 17.2% from the January 15th total of 709,963 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 135,284 shares, the days-to-cover ratio is presently 4.3 days. Based on an average trading volume of 135,284 shares, the days-to-cover ratio is presently 4.3 days. Currently, 0.9% of the shares of the company are sold short.

Youdao Stock Performance

Shares of NYSE DAO traded up $0.10 during mid-day trading on Tuesday, hitting $9.38. The stock had a trading volume of 80,306 shares, compared to its average volume of 106,892. The firm has a market cap of $1.12 billion, a P/E ratio of 72.12 and a beta of 0.36. The business has a 50 day moving average price of $10.28 and a two-hundred day moving average price of $9.89. Youdao has a 1 year low of $6.30 and a 1 year high of $12.95.

Youdao (NYSE:DAO) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $223.64 million for the quarter, compared to analysts’ expectations of $211.46 million. Youdao had a net margin of 1.81% and a negative return on equity of 6.41%.

Institutional Investors Weigh In On Youdao

An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio lifted its stake in Youdao, Inc. Unsponsored ADR (NYSE:DAO) by 35.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,286 shares of the company’s stock after purchasing an additional 7,729 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $291,000 as of its most recent filing with the Securities & Exchange Commission. 21.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DAO has been the subject of a number of research reports. Citigroup upgraded shares of Youdao from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Youdao in a report on Monday, December 22nd. Finally, Wall Street Zen lowered shares of Youdao from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Youdao currently has an average rating of “Hold”.

About Youdao

Youdao, Inc (NYSE: DAO), established in 2006 as a subsidiary of NetEase, is headquartered in Beijing, China. The company went public on the New York Stock Exchange in October 2019, marking a significant milestone in its development as an intelligent learning and knowledge service provider. Since its inception, Youdao has combined cloud computing, artificial intelligence and big data analytics to create an adaptive learning ecosystem designed to meet the needs of individual learners and organizations.

At the core of Youdao’s offerings is its suite of digital dictionaries and translation tools, including the flagship Youdao Dictionary app and translation engine.