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

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 1,620,000 shares, a decline of 32.2% from the November 30th total of 2,390,000 shares. Based on an average trading volume of 22,400,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 12.7% of the company’s shares are sold short.

Hedge Funds Weigh In On Fangdd Network Group

An institutional investor recently bought a new position in Fangdd Network Group stock. Sassicaia Capital Advisers LLC bought a new position in shares of Fangdd Network Group Ltd. (NASDAQ:DUO) during 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 accounts for 0.1% of Sassicaia Capital Advisers LLC’s portfolio, making the stock its 17th largest position. Sassicaia Capital Advisers LLC owned about 0.36% of Fangdd Network Group at the end of the most recent quarter.

Fangdd Network Group Trading Down 4.8 %

Shares of NASDAQ DUO traded down $0.03 during midday trading on Monday, reaching $0.62. The company had a trading volume of 2,715,733 shares, compared to its average volume of 6,968,990. Fangdd Network Group has a one year low of $0.32 and a one year high of $4.67. The firm’s fifty day moving average price is $0.81 and its 200-day moving average price is $0.77.

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.