Fangdd Network Group Ltd. (NASDAQ:DUO) Sees Large Increase in Short Interest

by · The Cerbat Gem

Fangdd Network Group Ltd. (NASDAQ:DUO – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 992,800 shares, a growth of 690.4% from the August 31st total of 125,600 shares. Based on an average daily volume of 523,000 shares, the short-interest ratio is currently 1.9 days.

Fangdd Network Group Price Performance

Shares of NASDAQ:DUO traded up $0.12 during trading on Friday, reaching $1.19. 65,772,555 shares of the company’s stock traded hands, compared to its average volume of 3,282,199. Fangdd Network Group has a 12 month low of $0.32 and a 12 month high of $2.10. The company has a 50 day moving average of $0.44 and a 200-day moving average of $0.53.

Fangdd Network Group Company Profile

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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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