Gaotu Techedu Inc. (NYSE:GOTU) Short Interest Down 11.0% in September

Gaotu Techedu Inc. (NYSE:GOTU) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 8,980,000 shares, a decrease of 11.0% from the August 31st total of 10,090,000 shares. Based on an average trading volume of 1,840,000 shares, the days-to-cover ratio is presently 4.9 days. Approximately 6.1% of the shares of the company are sold short.

Gaotu Techedu Trading Down 0.3 %

GOTU stock opened at $3.70 on Friday. The business’s 50 day simple moving average is $3.77 and its 200 day simple moving average is $5.37. Gaotu Techedu has a 1-year low of $2.22 and a 1-year high of $8.44. The firm has a market capitalization of $960.41 million, a PE ratio of -46.25 and a beta of -0.02.

Gaotu Techedu (NYSE:GOTU) last released its quarterly earnings data on Tuesday, August 27th. The company reported ($0.23) EPS for the quarter. The company had revenue of $138.95 million during the quarter. Gaotu Techedu had a negative net margin of 17.63% and a negative return on equity of 20.26%.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Gaotu Techedu from a “buy” rating to a “sell” rating in a research note on Tuesday, August 27th.

Institutional Inflows and Outflows

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

About Gaotu Techedu

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.