Fangdd Network Group Ltd. (NASDAQ:DUO) Short Interest Down 64.6% in October

Fangdd Network Group Ltd. (NASDAQ:DUO) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,970,000 shares, a decline of 64.6% from the September 30th total of 5,560,000 shares. Approximately 15.5% of the company’s shares are short sold. Based on an average daily trading volume, of 15,760,000 shares, the short-interest ratio is presently 0.1 days.

Fangdd Network Group Stock Performance

Shares of NASDAQ:DUO traded down $0.03 during mid-day trading on Friday, hitting $1.09. 1,658,260 shares of the company traded hands, compared to its average volume of 6,222,460. Fangdd Network Group has a 52-week low of $0.32 and a 52-week high of $4.67. The firm’s 50 day simple moving average is $1.01 and its 200 day simple moving average is $0.71.

Fangdd Network Group Company Profile

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.