Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Drops By 70.8%

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 246,700 shares, a drop of 70.8% from the June 15th total of 844,800 shares. Based on an average daily volume of 2,380,000 shares, the short-interest ratio is currently 0.1 days.

Fangdd Network Group Stock Performance

DUO remained flat at $0.55 during trading on Thursday. The company had a trading volume of 217,780 shares, compared to its average volume of 1,962,510. Fangdd Network Group has a 52-week low of $0.35 and a 52-week high of $13.95. The firm’s fifty day moving average price is $0.67 and its 200-day moving average price is $0.59.

About Fangdd Network Group

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.