Fangdd Network Group (NASDAQ:DUO) Short Interest Up 51.8% in July

Fangdd Network Group (NASDAQ:DUO) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 166,225 shares, an increase of 51.8% from the July 15th total of 109,492 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 503,896 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fangdd Network Group in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Fangdd Network Group currently has a consensus rating of “Sell”.

Fangdd Network Group Stock Performance

Shares of NASDAQ:DUO traded down $0.01 during midday trading on Tuesday, hitting $0.65. The company’s stock had a trading volume of 3,251 shares, compared to its average volume of 164,891. The business’s 50 day simple moving average is $0.68 and its 200 day simple moving average is $1.03. Fangdd Network Group has a 12-month low of $0.54 and a 12-month high of $5.34.

About Fangdd Network Group

Fangdd Network Group Ltd (NASDAQ: DUO) operates an online real estate transaction services platform in China, connecting property developers, brokers and individual homebuyers. The company offers a suite of cloud-based software tools and marketplace solutions designed to streamline property listings, marketing campaigns and customer relationship management for real estate agencies and developers.

Through its SaaS platform, Fangdd delivers tools for multi-channel listing distribution, virtual property tours, lead generation and transaction management.