Fangdd Network Group Ltd. (NASDAQ:DUO) Sees Significant Decrease in Short Interest

Fangdd Network Group Ltd. (NASDAQ:DUO) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,250,000 shares, a decrease of 36.5% from the October 15th total of 1,970,000 shares. Currently, 9.8% of the shares of the company are sold short. Based on an average trading volume of 16,830,000 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Fangdd Network Group

A hedge fund recently bought a new stake 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 the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group makes up about 0.1% of Sassicaia Capital Advisers LLC’s holdings, making the stock its 17th largest holding. Sassicaia Capital Advisers LLC owned 0.36% of Fangdd Network Group at the end of the most recent quarter.

Fangdd Network Group Stock Performance

NASDAQ DUO opened at $0.65 on Friday. The company has a 50-day moving average price of $1.20 and a two-hundred day moving average price of $0.78. 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.