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

Dingdong (Cayman) Limited (NYSE:DDL) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 795,500 shares, a drop of 5.6% from the September 30th total of 843,000 shares. Based on an average trading volume of 952,600 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are sold short.

Dingdong (Cayman) Price Performance

NYSE:DDL traded down $0.01 during trading hours on Thursday, reaching $4.01. The company had a trading volume of 669,212 shares, compared to its average volume of 594,273. The firm has a market cap of $947.27 million, a PE ratio of -134.00 and a beta of 0.37. Dingdong has a 1-year low of $1.07 and a 1-year high of $4.19. The business’s 50 day moving average price is $2.96 and its 200-day moving average price is $2.22.

Institutional Trading of Dingdong (Cayman)

A number of hedge funds have recently added to or reduced their stakes in DDL. Virtu Financial LLC acquired a new stake in Dingdong (Cayman) in the 1st quarter valued at $54,000. Acadian Asset Management LLC purchased a new position in Dingdong (Cayman) in the 2nd quarter valued at about $86,000. Renaissance Technologies LLC boosted its holdings in Dingdong (Cayman) by 63.4% in the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock worth $1,373,000 after buying an additional 267,700 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Dingdong (Cayman) by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock valued at $5,917,000 after acquiring an additional 17,900 shares in the last quarter. 24.66% of the stock is owned by hedge funds and other institutional investors.

About Dingdong (Cayman)

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.