Fangdd Network Group Ltd. (NASDAQ:DUO) Sees Significant Growth in Short Interest

Fangdd Network Group Ltd. (NASDAQ:DUO) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 56,000 shares, a growth of 502.2% from the February 29th total of 9,300 shares. Based on an average trading volume of 1,600,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Fangdd Network Group

Several large investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new stake in Fangdd Network Group during the first quarter worth $25,000. Virtu Financial LLC purchased a new position in Fangdd Network Group in the fourth quarter valued at about $31,000. Finally, Sabby Management LLC bought a new position in Fangdd Network Group in the third quarter worth about $479,000.

Fangdd Network Group Trading Up 4.1 %

DUO stock opened at $0.45 on Thursday. Fangdd Network Group has a twelve month low of $0.42 and a twelve month high of $19.65. The business’s fifty day simple moving average is $0.58 and its two-hundred day simple moving average is $0.73.

Fangdd Network Group Company Profile

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platforms 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 supply-chain financial products and support transactions, as well as online and offline, and project-specific training and guidance services.