Fangdd Network Group Ltd. (NASDAQ:DUO) Short Interest Update

Fangdd Network Group Ltd. (NASDAQ:DUO) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,000,000 shares, a growth of 208.5% from the March 15th total of 972,500 shares. Approximately 8.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,860,000 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Fangdd Network Group

A hedge fund recently bought a new stake in Fangdd Network Group stock. Virtu Financial LLC bought a new position in shares of Fangdd Network Group Ltd. (NASDAQ:DUO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 178,452 shares of the company’s stock, valued at approximately $107,000. Virtu Financial LLC owned 3.88% of Fangdd Network Group as of its most recent filing with the SEC.

Fangdd Network Group Stock Performance

Shares of DUO traded up $0.00 during midday trading on Wednesday, reaching $0.23. The stock had a trading volume of 2,430,998 shares, compared to its average volume of 7,320,838. The firm has a 50 day simple moving average of $0.42 and a 200-day simple moving average of $0.76. Fangdd Network Group has a one year low of $0.20 and a one year high of $4.67.

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.