Dada Nexus Limited (NASDAQ:DADA) Sees Significant Increase in Short Interest

Dada Nexus Limited (NASDAQ:DADA) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,640,000 shares, an increase of 73.3% from the January 15th total of 2,100,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Dada Nexus

Institutional investors have recently bought and sold shares of the business. Hhlr Advisors LTD. lifted its holdings in shares of Dada Nexus by 16.7% during the 4th quarter. Hhlr Advisors LTD. now owns 700,000 shares of the company’s stock worth $847,000 after acquiring an additional 100,000 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Dada Nexus during the 4th quarter worth approximately $63,000. Dimensional Fund Advisors LP lifted its holdings in shares of Dada Nexus by 60.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 260,522 shares of the company’s stock worth $316,000 after acquiring an additional 97,817 shares during the period. Marshall Wace LLP acquired a new position in Dada Nexus during the 4th quarter worth approximately $490,000. Finally, Walleye Capital LLC increased its position in Dada Nexus by 267.2% during the 4th quarter. Walleye Capital LLC now owns 409,566 shares of the company’s stock worth $496,000 after purchasing an additional 298,018 shares in the last quarter. Institutional investors own 59.25% of the company’s stock.

Analysts Set New Price Targets

DADA has been the topic of a number of research reports. Mizuho decreased their price target on shares of Dada Nexus from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Citigroup decreased their price target on shares of Dada Nexus from $2.00 to $1.90 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $2.70.

Dada Nexus Trading Up 1.6 %

NASDAQ DADA traded up $0.03 during trading on Friday, reaching $1.88. The company’s stock had a trading volume of 1,754,751 shares, compared to its average volume of 3,267,702. The firm has a market capitalization of $488.42 million, a price-to-earnings ratio of -1.69 and a beta of 1.41. Dada Nexus has a 12 month low of $1.04 and a 12 month high of $2.83. The firm has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.48.

About Dada Nexus

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People’s Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.