Fangdd Network Group Ltd. (NASDAQ:DUO – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 277,900 shares, a drop of 82.8% from the December 15th total of 1,620,000 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 9,680,000 shares, the days-to-cover ratio is presently 0.0 days.
Fangdd Network Group Trading Up 6.6 %
Fangdd Network Group stock traded up $0.04 during mid-day trading on Monday, hitting $0.57. The company’s stock had a trading volume of 1,205,492 shares, compared to its average volume of 1,794,005. The stock’s fifty day moving average is $0.69 and its two-hundred day moving average is $0.77. Fangdd Network Group has a 1 year low of $0.32 and a 1 year high of $4.67.
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 purchased a new position in shares of Fangdd Network Group Ltd. (NASDAQ:DUO – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group accounts for about 0.1% of Sassicaia Capital Advisers LLC’s investment portfolio, making the stock its 17th largest holding. Sassicaia Capital Advisers LLC owned about 0.36% of Fangdd Network Group as of its most recent SEC filing.
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.
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