Fangdd Network Group Ltd. (NASDAQ:DUO – Get Free Report) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 4,590,000 shares, a growth of 1,056.2% from the January 31st total of 397,000 shares. Based on an average trading volume of 7,400,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 12.9% of the company’s stock are short sold.
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 purchased a new stake in shares of Fangdd Network Group Ltd. (NASDAQ:DUO – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group accounts for about 0.1% of Sassicaia Capital Advisers LLC’s holdings, making the stock its 17th biggest holding. Sassicaia Capital Advisers LLC owned 0.36% of Fangdd Network Group as of its most recent filing with the SEC.
Fangdd Network Group Price Performance
NASDAQ DUO opened at $0.50 on Friday. The business’s fifty day moving average price is $0.60 and its 200-day moving average price is $0.79. Fangdd Network Group has a 1-year low of $0.32 and a 1-year high of $4.67.
Fangdd Network Group Company Profile
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.
See Also
- Five stocks we like better than Fangdd Network Group
- How Technical Indicators Can Help You Find Oversold Stocks
- Autodesk Designs Value for Investors: Uptrend Set to Continue
- Manufacturing Stocks Investing
- Anheuser-Busch Stock Rallies—Is the King of Beers Back?
- Do ETFs Pay Dividends? What You Need to Know
- MarketBeat Week in Review – 02/24 – 02/28
Receive News & Ratings for Fangdd Network Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fangdd Network Group and related companies with MarketBeat.com's FREE daily email newsletter.
