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

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,100,000 shares, a drop of 32.5% from the February 13th total of 4,590,000 shares. Based on an average daily trading volume, of 7,350,000 shares, the short-interest ratio is currently 0.4 days. Approximately 8.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Fangdd Network Group

An institutional investor recently bought a new position in Fangdd Network Group stock. Virtu Financial LLC bought a new position in Fangdd Network Group Ltd. (NASDAQ:DUO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 178,452 shares of the company’s stock, valued at approximately $107,000. Virtu Financial LLC owned 3.88% of Fangdd Network Group at the end of the most recent reporting period.

Fangdd Network Group Price Performance

NASDAQ DUO traded up $0.02 during trading hours on Friday, hitting $0.42. The company had a trading volume of 1,397,743 shares, compared to its average volume of 7,188,345. Fangdd Network Group has a fifty-two week low of $0.32 and a fifty-two week high of $4.67. The business has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $0.80.

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.