Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Expands By 460.0%

Fangdd Network Group Ltd. (NASDAQ:DUO) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 5,560,000 shares, a growth of 460.0% from the September 15th total of 992,800 shares. Based on an average daily trading volume, of 13,760,000 shares, the short-interest ratio is presently 0.4 days. Currently, 6.2% of the shares of the company are short sold.

Fangdd Network Group Stock Performance

Shares of DUO stock traded down $0.02 during midday trading on Friday, hitting $1.20. 11,214,722 shares of the company were exchanged, compared to its average volume of 6,035,888. The firm’s 50 day moving average price is $0.85 and its two-hundred day moving average price is $0.66. Fangdd Network Group has a 52 week low of $0.32 and a 52 week high of $4.67.

About Fangdd Network Group

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.