Fangdd Network Group Ltd. (NASDAQ:DUO – Get Rating) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 558,200 shares, a drop of 27.7% from the March 15th total of 772,300 shares. Based on an average daily volume of 2,550,000 shares, the short-interest ratio is presently 0.2 days.
NASDAQ:DUO remained flat at $$0.31 during mid-day trading on Friday. 626,483 shares of the company were exchanged, compared to its average volume of 2,180,946. The firm’s fifty day moving average price is $0.35 and its 200 day moving average price is $0.58. Fangdd Network Group has a 1 year low of $0.25 and a 1 year high of $5.42.
Several hedge funds have recently bought and sold shares of DUO. Two Sigma Investments LP acquired a new stake in shares of Fangdd Network Group during the 3rd quarter valued at approximately $25,000. Dimensional Fund Advisors LP acquired a new stake in shares of Fangdd Network Group during the 3rd quarter valued at approximately $52,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Fangdd Network Group during the 3rd quarter valued at approximately $184,000. Finally, Renaissance Technologies LLC lifted its position in shares of Fangdd Network Group by 1,201.5% during the 4th quarter. Renaissance Technologies LLC now owns 428,200 shares of the company’s stock valued at $199,000 after acquiring an additional 395,300 shares during the period.
Fangdd Network Group Ltd. operates as an online real estate marketplace in the People's Republic of China. The company operates Duoduo Sales for real estate agents to access primary and other property listings, large real estate buyer base, and marketplace products and services, such as shared listings, data analytic tools, premium marketplace functions, and AI-based marketplace assistance, as well as evaluate online business performances; and Duoduo Cloud Agency that provides a suite of tools and services to agencies manage their business and agents.
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