Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Decreases By 32.2%

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 1,620,000 shares, a decline of 32.2% from the November 30th total of 2,390,000 shares. Currently, 12.7% of the company’s stock are sold short. Based on an average daily volume of 22,400,000 shares, the days-to-cover ratio is currently 0.1 days.

Fangdd Network Group Trading Down 9.5 %

Shares of DUO traded down $0.07 during mid-day trading on Friday, reaching $0.65. The company’s stock had a trading volume of 2,395,567 shares, compared to its average volume of 6,985,879. Fangdd Network Group has a 12-month low of $0.32 and a 12-month high of $4.67. The company’s 50 day moving average is $0.81 and its 200 day moving average is $0.77.

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 bought a new position in Fangdd Network Group Ltd. (NASDAQ:DUO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group accounts for 0.1% of Sassicaia Capital Advisers LLC’s portfolio, making the stock its 17th largest position. Sassicaia Capital Advisers LLC owned approximately 0.36% of Fangdd Network Group at the end of the most recent reporting period.

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.