Fangdd Network Group (NASDAQ:DUO) Short Interest Down 24.7% in February

Fangdd Network Group (NASDAQ:DUO) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 343,573 shares, a drop of 24.7% from the January 29th total of 456,112 shares. Approximately 23.7% of the shares of the company are short sold. Based on an average daily volume of 110,236 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily volume of 110,236 shares, the days-to-cover ratio is currently 3.1 days. Approximately 23.7% of the shares of the company are short sold.

Fangdd Network Group Trading Up 4.2%

Shares of DUO traded up $0.05 during mid-day trading on Wednesday, reaching $1.11. 17,119 shares of the stock traded hands, compared to its average volume of 178,705. The company has a market cap of $2.48 million, a price-to-earnings ratio of -0.01 and a beta of 3.01. Fangdd Network Group has a 1 year low of $1.01 and a 1 year high of $8.64. The firm has a fifty day moving average price of $1.39 and a 200 day moving average price of $2.07.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Fangdd Network Group in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Fangdd Network Group Company Profile

Fangdd Network Group Ltd (NASDAQ: DUO) operates an online real estate transaction services platform in China, connecting property developers, brokers and individual homebuyers. The company offers a suite of cloud-based software tools and marketplace solutions designed to streamline property listings, marketing campaigns and customer relationship management for real estate agencies and developers.

Through its SaaS platform, Fangdd delivers tools for multi-channel listing distribution, virtual property tours, lead generation and transaction management.