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

Dingdong (Cayman) Limited (NYSE:DDL) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 1,580,000 shares, a decline of 7.1% from the July 15th total of 1,700,000 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 491,600 shares, the days-to-cover ratio is currently 3.2 days.

Dingdong (Cayman) Price Performance

Shares of DDL stock opened at $2.02 on Wednesday. The company has a market cap of $477.18 million, a PE ratio of -67.33 and a beta of 0.25. The stock’s 50 day simple moving average is $1.91 and its two-hundred day simple moving average is $1.62. Dingdong has a 1 year low of $1.07 and a 1 year high of $2.38.

Institutional Trading of Dingdong (Cayman)

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Dingdong (Cayman) by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock valued at $5,917,000 after acquiring an additional 17,900 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Dingdong (Cayman) in the 2nd quarter worth about $86,000. Virtu Financial LLC purchased a new position in shares of Dingdong (Cayman) during the 1st quarter worth about $54,000. Platinum Investment Management Ltd. grew its holdings in Dingdong (Cayman) by 1.8% during the 4th quarter. Platinum Investment Management Ltd. now owns 9,308,945 shares of the company’s stock valued at $13,963,000 after purchasing an additional 166,736 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Dingdong (Cayman) by 63.4% in the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock worth $1,373,000 after purchasing an additional 267,700 shares during the period. Hedge funds and other institutional investors own 24.66% of the company’s stock.

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.