Gaotu Techedu Inc. (NYSE:GOTU) Short Interest Down 6.7% in April

Gaotu Techedu Inc. (NYSE:GOTUGet Free Report) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 8,040,000 shares, a decline of 6.7% from the April 15th total of 8,620,000 shares. Currently, 5.4% of the shares of the company are short sold. Based on an average daily volume of 4,860,000 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On Gaotu Techedu

Several institutional investors have recently added to or reduced their stakes in GOTU. Vanguard Personalized Indexing Management LLC acquired a new position in Gaotu Techedu in the 3rd quarter valued at about $29,000. Tower Research Capital LLC TRC increased its position in Gaotu Techedu by 543.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,988 shares of the company’s stock valued at $54,000 after acquiring an additional 12,659 shares during the period. Headlands Technologies LLC acquired a new position in Gaotu Techedu in the 1st quarter valued at about $63,000. QRG Capital Management Inc. acquired a new position in Gaotu Techedu in the 3rd quarter valued at about $76,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Gaotu Techedu in the 1st quarter valued at about $99,000. Institutional investors and hedge funds own 48.42% of the company’s stock.

Analyst Ratings Changes

Separately, CLSA raised Gaotu Techedu from an “underperform” rating to an “outperform” rating and set a $8.65 target price for the company in a report on Wednesday, February 28th.

Read Our Latest Report on GOTU

Gaotu Techedu Price Performance

Gaotu Techedu stock opened at $8.35 on Friday. Gaotu Techedu has a fifty-two week low of $2.22 and a fifty-two week high of $8.44. The stock has a 50-day simple moving average of $6.97 and a 200-day simple moving average of $4.94.

Gaotu Techedu (NYSE:GOTUGet Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $107.19 million during the quarter. Gaotu Techedu had a negative net margin of 0.10% and a negative return on equity of 0.10%.

Gaotu Techedu Company Profile

(Get Free Report)

Gaotu Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. The company provides foreign language courses comprising English and Japanese, as well as test preparation courses for students taking language certification exams; and professional courses primarily for college students and adults preparing for professional qualification exams, such teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, Certified Tax Agent designation, securities qualification exams, and other exams.

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