Dingdong (Cayman) Limited (NYSE:DDL) Short Interest Update

Dingdong (Cayman) Limited (NYSE:DDL) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,420,000 shares, a decline of 12.9% from the January 31st total of 1,630,000 shares. Based on an average trading volume of 768,600 shares, the short-interest ratio is presently 1.8 days. Currently, 1.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DDL. Bank of Nova Scotia bought a new position in Dingdong (Cayman) in the 4th quarter worth $33,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Dingdong (Cayman) during the 4th quarter valued at about $35,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Dingdong (Cayman) by 319.2% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,866 shares of the company’s stock valued at $42,000 after purchasing an additional 9,797 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of Dingdong (Cayman) during the 4th quarter valued at about $47,000. Finally, Diametric Capital LP bought a new position in shares of Dingdong (Cayman) during the 4th quarter valued at about $63,000. Institutional investors own 24.66% of the company’s stock.

Dingdong (Cayman) Stock Performance

Shares of DDL stock traded up $0.41 during mid-day trading on Thursday, reaching $3.55. 2,251,801 shares of the company’s stock traded hands, compared to its average volume of 645,267. Dingdong has a 12 month low of $1.08 and a 12 month high of $4.79. The firm has a 50 day moving average price of $3.39 and a two-hundred day moving average price of $3.41. The firm has a market capitalization of $837.43 million, a PE ratio of 39.39 and a beta of 0.45.

Dingdong (Cayman) (NYSE:DDL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Dingdong (Cayman) had a net margin of 0.90% and a return on equity of 40.86%. As a group, equities analysts expect that Dingdong will post 0.07 earnings per share for the current fiscal year.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.