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

Fangdd Network Group Ltd. (NASDAQ:DUOGet Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 342,800 shares, a decrease of 38.6% from the March 31st total of 558,200 shares. Based on an average trading volume of 2,420,000 shares, the days-to-cover ratio is currently 0.1 days.

NASDAQ DUO opened at $0.28 on Friday. The business has a 50 day simple moving average of $0.33 and a 200 day simple moving average of $0.53. Fangdd Network Group has a 52-week low of $0.23 and a 52-week high of $5.18. The stock has a market cap of $20.42 million, a price-to-earnings ratio of -0.22 and a beta of -0.57.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP bought a new stake in Fangdd Network Group during the 3rd quarter worth approximately $25,000. Dimensional Fund Advisors LP bought a new stake in Fangdd Network Group during the 3rd quarter worth approximately $52,000. MARSHALL WACE ASIA Ltd bought a new stake in Fangdd Network Group during the 3rd quarter worth approximately $184,000. Finally, Renaissance Technologies LLC increased its stake in Fangdd Network Group by 1,201.5% during the 4th quarter. Renaissance Technologies LLC now owns 428,200 shares of the company’s stock worth $199,000 after purchasing an additional 395,300 shares in the last quarter.

Fangdd Network Group Company Profile (Get Rating)

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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