Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Drops By 32.5%

Fangdd Network Group Ltd. (NASDAQ:DUO) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 3,100,000 shares, a decrease of 32.5% from the February 13th total of 4,590,000 shares. Currently, 8.7% of the shares of the company are sold short. Based on an average trading volume of 7,350,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fangdd Network Group stock. Sassicaia Capital Advisers LLC bought a new stake in Fangdd Network Group Ltd. (NASDAQ:DUO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group makes up approximately 0.1% of Sassicaia Capital Advisers LLC’s holdings, making the stock its 17th biggest holding. Sassicaia Capital Advisers LLC owned approximately 0.36% of Fangdd Network Group at the end of the most recent reporting period.

Fangdd Network Group Stock Up 5.6 %

Shares of DUO traded up $0.02 during mid-day trading on Friday, hitting $0.42. The company’s stock had a trading volume of 1,397,743 shares, compared to its average volume of 7,161,112. The stock’s 50-day moving average is $0.57 and its two-hundred day moving average is $0.80. Fangdd Network Group has a one year low of $0.32 and a one 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.