Fangdd Network Group Ltd. (NASDAQ:DUO – Get Free Report) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 277,900 shares, a decline of 82.8% from the December 15th total of 1,620,000 shares. Based on an average daily trading volume, of 9,680,000 shares, the short-interest ratio is currently 0.0 days. Currently, 2.2% of the shares of the stock are short sold.
Hedge Funds Weigh In On Fangdd Network Group
A hedge fund recently bought a new stake in Fangdd Network Group stock. Sassicaia Capital Advisers LLC acquired a new position in shares of Fangdd Network Group Ltd. (NASDAQ:DUO – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group comprises approximately 0.1% of Sassicaia Capital Advisers LLC’s holdings, making the stock its 17th biggest position. Sassicaia Capital Advisers LLC owned 0.36% of Fangdd Network Group at the end of the most recent reporting period.
Fangdd Network Group Stock Up 2.1 %
Shares of NASDAQ DUO traded up $0.01 during mid-day trading on Tuesday, reaching $0.59. The company had a trading volume of 1,608,284 shares, compared to its average volume of 1,773,892. The business’s 50-day simple moving average is $0.69 and its 200 day simple moving average is $0.77. Fangdd Network Group has a one year low of $0.32 and a one 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.
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