Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Drops By 32.5%

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

Hedge Funds Weigh In On Fangdd Network Group

An institutional investor recently bought a new position in Fangdd Network Group stock. Virtu Financial LLC acquired a new position in Fangdd Network Group Ltd. (NASDAQ:DUO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 178,452 shares of the company’s stock, valued at approximately $107,000. Virtu Financial LLC owned about 3.88% of Fangdd Network Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Fangdd Network Group Stock Performance

DUO stock traded up $0.02 during trading on Friday, hitting $0.42. The company had a trading volume of 1,397,743 shares, compared to its average volume of 7,161,112. 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 50 day moving average of $0.57 and a 200 day 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.