Fangdd Network Group Ltd. (NASDAQ:DUO – Get Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 277,900 shares, a decrease of 82.8% from the December 15th total of 1,620,000 shares. Based on an average daily volume of 9,680,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.2% of the company’s shares are short sold.
Fangdd Network Group Stock Performance
Shares of DUO stock traded up $0.01 during mid-day trading on Tuesday, hitting $0.59. The company’s stock had a trading volume of 1,608,284 shares, compared to its average volume of 1,773,892. The company’s fifty day simple moving average is $0.69 and its 200-day simple moving average is $0.77. Fangdd Network Group has a 52 week low of $0.32 and a 52 week high of $4.67.
Hedge Funds Weigh In On Fangdd Network Group
A hedge fund recently bought a new stake in Fangdd Network Group stock. Sassicaia Capital Advisers LLC purchased a new position in shares of Fangdd Network Group Ltd. (NASDAQ:DUO – Free Report) in the 3rd quarter, according to the company in 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 makes up approximately 0.1% of Sassicaia Capital Advisers LLC’s holdings, making the stock its 17th biggest holding. Sassicaia Capital Advisers LLC owned 0.36% of Fangdd Network Group at the end of the most recent quarter.
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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