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

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 4,590,000 shares, an increase of 1,056.2% from the January 31st total of 397,000 shares. Based on an average daily volume of 7,400,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 12.9% of the shares of the company are sold short.

Fangdd Network Group Stock Performance

DUO traded down $0.04 during trading on Thursday, reaching $0.52. The stock had a trading volume of 2,620,177 shares, compared to its average volume of 3,170,250. The stock has a 50 day moving average of $0.61 and a two-hundred day moving average of $0.80. Fangdd Network Group has a 1-year low of $0.32 and a 1-year high of $4.67.

Institutional Investors Weigh In On Fangdd Network Group

An institutional investor recently bought a new position in Fangdd Network Group stock. Virtu Financial LLC purchased a new stake in Fangdd Network Group Ltd. (NASDAQ:DUO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 178,452 shares of the company’s stock, valued at approximately $107,000. Virtu Financial LLC owned about 3.88% of Fangdd Network Group as of its most recent filing with the Securities and Exchange Commission.

Fangdd Network Group Company Profile

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.