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

Gaotu Techedu Inc. (NYSE:GOTU) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 8,510,000 shares, a decline of 7.2% from the May 31st total of 9,170,000 shares. Based on an average trading volume of 2,400,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 5.8% of the company’s stock are sold short.

Gaotu Techedu Trading Up 6.4 %

NYSE GOTU opened at $5.71 on Thursday. The company has a 50 day moving average price of $6.12 and a two-hundred day moving average price of $5.60. Gaotu Techedu has a 12-month low of $2.22 and a 12-month high of $8.44.

Gaotu Techedu (NYSE:GOTU) last posted its earnings results on Tuesday, May 21st. The company reported ($0.01) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative net margin of 4.22% and a negative return on equity of 4.19%. The business had revenue of $131.14 million during the quarter.

Institutional Trading of Gaotu Techedu

A number of institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Gaotu Techedu in the first quarter worth $63,000. Tower Research Capital LLC TRC lifted its stake in shares of Gaotu Techedu by 543.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,988 shares of the company’s stock worth $54,000 after buying an additional 12,659 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Gaotu Techedu in the first quarter worth $99,000. Virtu Financial LLC acquired a new stake in shares of Gaotu Techedu in the first quarter worth $133,000. Finally, Jump Financial LLC acquired a new stake in shares of Gaotu Techedu in the fourth quarter worth $313,000. 48.42% of the stock is currently owned by institutional investors and hedge funds.

Gaotu Techedu Company Profile

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.