Fangdd Network Group Ltd. (NASDAQ:DUO) Sees Large Decrease in Short Interest

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 1,970,000 shares, a drop of 64.6% from the September 30th total of 5,560,000 shares. Approximately 15.5% of the shares of the company are short sold. Based on an average daily volume of 15,760,000 shares, the short-interest ratio is currently 0.1 days.

Fangdd Network Group Price Performance

NASDAQ:DUO traded down $0.03 during mid-day trading on Friday, hitting $1.08. 1,812,425 shares of the stock traded hands, compared to its average volume of 49,642,296. Fangdd Network Group has a 12-month low of $0.32 and a 12-month high of $4.67. The business’s 50-day moving average price is $1.02 and its 200 day moving average price is $0.72.

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.