Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Decreases By 64.6%

Fangdd Network Group Ltd. (NASDAQ:DUO) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 1,970,000 shares, a drop of 64.6% from the September 30th total of 5,560,000 shares. Based on an average daily volume of 15,760,000 shares, the short-interest ratio is currently 0.1 days. Approximately 15.5% of the company’s stock are sold short.

Fangdd Network Group Stock Down 2.7 %

NASDAQ:DUO traded down $0.03 on Friday, reaching $1.08. 1,812,425 shares of the stock traded hands, compared to its average volume of 6,223,143. The company’s fifty day simple moving average is $1.02 and its 200 day simple moving average is $0.72. Fangdd Network Group has a 12 month low of $0.32 and a 12 month 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.