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

Fangdd Network Group Ltd. (NASDAQ:DUO) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 2,280,000 shares, a growth of 82.4% from the October 31st total of 1,250,000 shares. Based on an average daily trading volume, of 17,390,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 17.9% 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. Sassicaia Capital Advisers LLC bought a new stake in shares of Fangdd Network Group Ltd. (NASDAQ:DUO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group accounts for approximately 0.1% of Sassicaia Capital Advisers LLC’s portfolio, making the stock its 17th biggest holding. Sassicaia Capital Advisers LLC owned about 0.36% of Fangdd Network Group as of its most recent SEC filing.

Fangdd Network Group Price Performance

Fangdd Network Group stock traded up $0.01 during midday trading on Thursday, hitting $0.54. The company’s stock had a trading volume of 10,177,485 shares, compared to its average volume of 6,110,679. The company has a 50-day moving average price of $1.23 and a two-hundred day moving average price of $0.80. Fangdd Network Group has a 1-year low of $0.32 and a 1-year high of $4.67.

About Fangdd Network Group

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.