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

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

Dingdong (Cayman) Price Performance

Shares of DDL stock opened at $3.72 on Friday. Dingdong has a one year low of $1.07 and a one year high of $4.19. The company’s 50-day moving average is $3.03 and its 200 day moving average is $2.25.

Institutional Investors Weigh In On Dingdong (Cayman)

A number of institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Dingdong (Cayman) during the 1st quarter valued at $54,000. Acadian Asset Management LLC purchased a new stake in shares of Dingdong (Cayman) during the second quarter valued at $86,000. Renaissance Technologies LLC boosted its position in shares of Dingdong (Cayman) by 63.4% during the second quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock valued at $1,373,000 after buying an additional 267,700 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Dingdong (Cayman) by 0.4% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 24.66% of the company’s stock.

About Dingdong (Cayman)

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.