Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Decreases By 82.8%

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 277,900 shares, a drop of 82.8% from the December 31st total of 1,620,000 shares. Based on an average trading volume of 9,680,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.2% of the company’s shares are sold short.

Fangdd Network Group Stock Down 1.0 %

DUO stock traded down $0.01 during midday trading on Wednesday, hitting $0.58. The stock had a trading volume of 1,171,680 shares, compared to its average volume of 1,800,837. The company’s 50-day moving average price is $0.63 and its 200 day moving average price is $0.78. Fangdd Network Group has a 12-month low of $0.32 and a 12-month high of $4.67.

Institutional Investors 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 shares of Fangdd Network Group Ltd. (NASDAQ:DUO) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group accounts for 0.1% of Sassicaia Capital Advisers LLC’s investment portfolio, making the stock its 17th biggest position. Sassicaia Capital Advisers LLC owned about 0.36% of Fangdd Network Group as of its most recent filing with the SEC.

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.