Gaotu Techedu Inc. (NYSE:GOTU – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 10,090,000 shares, an increase of 6.9% from the August 15th total of 9,440,000 shares. Based on an average trading volume of 1,860,000 shares, the days-to-cover ratio is presently 5.4 days. Approximately 6.8% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Citigroup cut shares of Gaotu Techedu from a “buy” rating to a “sell” rating in a report on Tuesday, August 27th.
View Our Latest Analysis on GOTU
Institutional Inflows and Outflows
Gaotu Techedu Trading Down 0.7 %
Shares of NYSE:GOTU opened at $2.67 on Tuesday. The company’s 50 day moving average is $4.15 and its two-hundred day moving average is $5.63. The company has a market cap of $690.00 million, a PE ratio of -33.38 and a beta of -0.02. Gaotu Techedu has a 52 week low of $2.22 and a 52 week high of $8.44.
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.
Featured Articles
- Five stocks we like better than Gaotu Techedu
- Insider Trades May Not Tell You What You Think
- Lock In Gains: Apple Stock Could Rally 30% Before the Holidays
- Why Invest in High-Yield Dividend Stocks?
- How to Apply Trading Volume Analysis to Stock Trading
- What is a Special Dividend?
- Market Got It Wrong—Why Progress Software Deserves a Second Look
Receive News & Ratings for Gaotu Techedu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaotu Techedu and related companies with MarketBeat.com's FREE daily email newsletter.