Gaotu Techedu Inc. (NYSE:GOTU) Short Rate Up 9.1% in November

Gaotu Techedu Inc. (NYSE:GOTU – Get Rating) was the target of a significant surge in short interest in the month of November. As of November 30, there was short interest totaling 10,560,000 shares, an increase of 9.1% from the November 15 total of 9,680,000 shares. Currently, 7.1% of the stock’s shares are short. Based on an average daily volume of 2,600,000 shares, the days-to-cover ratio is currently 4.1 days.

Hedge funds value Gaotu Techedu

Several hedge funds have recently changed their stock holdings. State Street Corp increased its stake in Gaotu Techedu shares by 4.5% in the third quarter. State Street Corp now owns 1,313,502 shares of the company’s stock valued at $1,589,000 after purchasing an additional 56,287 shares last quarter. Vanguard Group Inc. increased its stake in Gaotu Techedu shares by 4.5% in the third quarter. Vanguard Group Inc. now owns 5,508,954 shares of the company’s stock valued at $6,666,000 after purchasing an additional 238,918 shares last quarter. Cubist Systematic Strategies LLC increased its stake in Gaotu Techedu shares by 197.0% in the third quarter. Cubist Systematic Strategies LLC now owns 159,935 shares of the company’s stock valued at $194,000 after purchasing an additional 106,080 shares last quarter. Nuveen Asset Management LLC increased its stake in Gaotu Techedu by 54.8% in the third quarter. Nuveen Asset Management LLC now owns 246,300 shares of the company’s stock valued at $298,000 after purchasing an additional 87,200 shares last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Gaotu Techedu by 148.6% in the third quarter. Envestnet Asset Management Inc. now owns 75,679 shares of the company’s stock valued at $92,000 after purchasing an additional 45,235 shares last quarter. Hedge funds and other institutional investors own 14.49% of the company’s shares.

READ :  Harnessing Ubiquitylation for Drug Discovery

Gaotu Techedu stock performance

Shares of GOTU rose $0.54 midday on Friday to hit $3.12. The stock had a trading volume of 24,877,433 shares compared to an average volume of 4,058,234. The company has a market cap of $801.94 million, a price to earnings ratio of 22.29 and a beta of -0.73. Gaotu Techedu has a 12-month low of $0.64 and a 12-month high of $3.14. The company has a 50-day moving average of $1.14 and a 200-day moving average of $1.47.

Gaotu Techedu (NYSE:GOTU – Get Rating) last released its quarterly earnings results on Tuesday, November 22nd. The company reported earnings per share of $0.03 for the quarter. The company had revenue of $85.21 million for the quarter. Gaotu Techedu had a return on equity of 8.29% and a net margin of 7.77%.

Gaotu Techedu company profile

(get rating)

Gaotu Techedu Inc, a technology-oriented education company, provides online tutoring for K-12 school in Mainland China. The K-12 tutoring courses cover a variety of K-12 academic subjects including Math, English, Chinese, Physics, Chemistry, Biology, History, Geography, and Political Science.

See also

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

Before you consider Gaotu Techedu, here’s what you should hear.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Gaotu Techedu wasn’t on the list.

READ :  Textbooks are not keeping pace with increasing climate impacts: research

While Gaotu Techedu is currently rated Reduce by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here

Leave a Reply

Your email address will not be published. Required fields are marked *