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

Dingdong (Cayman) Limited (NYSE:DDL) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 795,500 shares, a drop of 5.6% from the September 30th total of 843,000 shares. Based on an average trading volume of 952,600 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are sold short.

Dingdong (Cayman) Stock Performance

DDL traded down $0.01 on Thursday, hitting $4.01. The company had a trading volume of 669,212 shares, compared to its average volume of 594,273. The stock has a market capitalization of $947.27 million, a price-to-earnings ratio of -134.00 and a beta of 0.37. The stock has a fifty day moving average price of $2.96 and a 200-day moving average price of $2.22. Dingdong has a 12-month low of $1.07 and a 12-month high of $4.19.

Hedge Funds Weigh In On Dingdong (Cayman)

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Dingdong (Cayman) in the 2nd quarter worth $86,000. Virtu Financial LLC acquired a new stake in Dingdong (Cayman) in the 1st quarter worth approximately $54,000. Renaissance Technologies LLC increased its stake in Dingdong (Cayman) by 63.4% during the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock valued at $1,373,000 after purchasing an additional 267,700 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Dingdong (Cayman) by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock worth $5,917,000 after buying an additional 17,900 shares during the period. 24.66% of the stock is owned by hedge funds and other institutional investors.

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.