Dada Nexus Limited (NASDAQ:DADA – Get Free Report) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 2,000,000 shares, a growth of 14.9% from the December 31st total of 1,740,000 shares. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is currently 1.5 days.
Dada Nexus Price Performance
DADA opened at $1.82 on Monday. The stock has a market capitalization of $472.84 million, a PE ratio of -1.64 and a beta of 1.36. Dada Nexus has a 12-month low of $1.04 and a 12-month high of $2.83. The firm’s fifty day moving average price is $1.41 and its 200 day moving average price is $1.44.
Institutional Investors Weigh In On Dada Nexus
Institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dada Nexus in the 3rd quarter worth about $26,000. Wolverine Trading LLC bought a new stake in Dada Nexus during the 3rd quarter valued at $42,000. New York State Common Retirement Fund acquired a new position in Dada Nexus during the 4th quarter worth $34,000. Quadrature Capital Ltd bought a new position in shares of Dada Nexus in the third quarter worth $67,000. Finally, Marshall Wace LLP increased its holdings in shares of Dada Nexus by 7.5% during the second quarter. Marshall Wace LLP now owns 619,716 shares of the company’s stock valued at $781,000 after purchasing an additional 43,359 shares during the period. 59.25% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Dada Nexus
Dada Nexus Company Profile
Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People’s Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.
See Also
- Five stocks we like better than Dada Nexus
- Transportation Stocks Investing
- 3 Stocks to Gain From Trump’s Return-to-Office Mandate
- What Is WallStreetBets and What Stocks Are They Targeting?
- Crane Stock Soars, But the Best Could Be Yet to Come: Here’s Why
- 3 Small Caps With Big Return Potential
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
Receive News & Ratings for Dada Nexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dada Nexus and related companies with MarketBeat.com's FREE daily email newsletter.