Dingdong (Cayman) Limited (NYSE:DDL) Short Interest Update

Dingdong (Cayman) Limited (NYSE:DDL) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,230,000 shares, an increase of 54.6% from the October 15th total of 795,500 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DDL. Acadian Asset Management LLC purchased a new position in Dingdong (Cayman) in the second quarter valued at about $86,000. Virtu Financial LLC purchased a new position in Dingdong (Cayman) in the 1st quarter valued at approximately $54,000. Quadrature Capital Ltd raised its holdings in Dingdong (Cayman) by 87.9% during the third quarter. Quadrature Capital Ltd now owns 47,686 shares of the company’s stock worth $168,000 after purchasing an additional 22,302 shares during the last quarter. Centiva Capital LP purchased a new stake in Dingdong (Cayman) during the third quarter worth $170,000. Finally, XTX Topco Ltd acquired a new stake in Dingdong (Cayman) in the third quarter valued at $225,000. Institutional investors and hedge funds own 24.66% of the company’s stock.

Dingdong (Cayman) Stock Performance

Shares of DDL opened at $3.99 on Friday. The stock has a market capitalization of $942.55 million, a P/E ratio of 44.33 and a beta of 0.34. The company’s fifty day moving average is $3.41 and its two-hundred day moving average is $2.45. Dingdong has a 1 year low of $1.07 and a 1 year high of $4.60.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.