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

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

Fangdd Network Group Stock Performance

DUO traded down $0.03 during midday trading on Friday, reaching $1.08. The company had a trading volume of 1,812,425 shares, compared to its average volume of 6,223,143. Fangdd Network Group has a 1 year low of $0.32 and a 1 year high of $4.67. The business has a 50-day moving average of $1.02 and a two-hundred day moving average of $0.72.

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.