Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Decreases By 82.8%

Fangdd Network Group Ltd. (NASDAQ:DUO) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 277,900 shares, a decline of 82.8% from the December 31st total of 1,620,000 shares. Based on an average daily volume of 9,680,000 shares, the short-interest ratio is presently 0.0 days. Approximately 2.2% of the shares of the company are sold short.

Institutional Trading of Fangdd Network Group

A hedge fund recently bought a new stake in Fangdd Network Group stock. Sassicaia Capital Advisers LLC acquired a new stake in Fangdd Network Group Ltd. (NASDAQ:DUO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group makes up 0.1% of Sassicaia Capital Advisers LLC’s investment portfolio, making the stock its 17th largest position. Sassicaia Capital Advisers LLC owned about 0.36% of Fangdd Network Group as of its most recent SEC filing.

Fangdd Network Group Stock Down 1.0 %

Shares of NASDAQ:DUO traded down $0.01 during midday trading on Wednesday, hitting $0.58. The stock had a trading volume of 1,171,680 shares, compared to its average volume of 1,800,837. Fangdd Network Group has a 1 year low of $0.32 and a 1 year high of $4.67. The stock has a 50 day moving average price of $0.63 and a two-hundred day moving average price of $0.78.

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.