Fangdd Network Group Ltd. (NASDAQ:DUO) Short Interest Update

Fangdd Network Group Ltd. (NASDAQ:DUO) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 56,000 shares, an increase of 502.2% from the February 29th total of 9,300 shares. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is presently 0.0 days.

Fangdd Network Group Stock Performance

Shares of DUO stock opened at $0.45 on Friday. Fangdd Network Group has a 12 month low of $0.42 and a 12 month high of $19.65. The stock has a 50 day moving average of $0.58 and a 200-day moving average of $0.73.

Institutional Investors Weigh In On Fangdd Network Group

A number of institutional investors have recently added to or reduced their stakes in DUO. Virtu Financial LLC acquired a new position in Fangdd Network Group in the 1st quarter valued at approximately $41,000. Susquehanna International Group LLP acquired a new position in shares of Fangdd Network Group in the first quarter valued at $25,000. Finally, Sabby Management LLC bought a new position in Fangdd Network Group in the third quarter worth $479,000.

About Fangdd Network Group

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platforms 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 supply-chain financial products and support transactions, as well as online and offline, and project-specific training and guidance services.