Fangdd Network Group Ltd. (NASDAQ:DUO) Short Interest Update

by · The Cerbat Gem

Fangdd Network Group Ltd. (NASDAQ:DUO – Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,620,000 shares, a drop of 32.2% from the November 30th total of 2,390,000 shares. Currently, 12.7% of the company’s stock are sold short. Based on an average daily trading volume, of 22,400,000 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Fangdd Network Group

An institutional investor recently bought a new position in Fangdd Network Group stock. Sassicaia Capital Advisers LLC bought a new position in Fangdd Network Group Ltd. (NASDAQ:DUO – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group makes up about 0.1% of Sassicaia Capital Advisers LLC’s holdings, making the stock its 17th largest position. Sassicaia Capital Advisers LLC owned about 0.36% of Fangdd Network Group as of its most recent SEC filing.

Fangdd Network Group Trading Down 4.8 %

NASDAQ DUO traded down $0.03 during trading hours on Monday, reaching $0.62. 2,715,733 shares of the company’s stock traded hands, compared to its average volume of 6,968,990. Fangdd Network Group has a 52-week low of $0.32 and a 52-week high of $4.67. The firm has a 50-day simple moving average of $0.81 and a 200 day simple moving average of $0.77.

About Fangdd Network Group

(Get Free Report)

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platform in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides online and offline, and project-specific training and guidance services.

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