Fangdd Network Group Ltd. (NASDAQ:DUO) Sees Significant Growth in Short Interest

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 844,800 shares, an increase of 410.8% from the May 31st total of 165,400 shares. Based on an average daily trading volume, of 2,370,000 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Fangdd Network Group

A hedge fund recently bought a new stake in Fangdd Network Group stock. Sabby Management LLC acquired a new stake in Fangdd Network Group Ltd. (NASDAQ:DUO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 621,757 shares of the company’s stock, valued at approximately $479,000. Fangdd Network Group makes up approximately 0.4% of Sabby Management LLC’s holdings, making the stock its 10th biggest position. Sabby Management LLC owned 13.52% of Fangdd Network Group as of its most recent filing with the SEC.

Fangdd Network Group Stock Up 8.9 %

Shares of DUO opened at $0.59 on Friday. Fangdd Network Group has a 12-month low of $0.35 and a 12-month high of $19.65. The firm’s 50 day moving average is $0.64 and its 200-day moving average is $0.59.

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.