Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Declines By 36.5%

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,250,000 shares, a decline of 36.5% from the October 15th total of 1,970,000 shares. Currently, 9.8% of the company’s stock are sold short. Based on an average daily trading volume, of 16,830,000 shares, the days-to-cover ratio is currently 0.1 days.

Fangdd Network Group Stock Down 7.3 %

NASDAQ:DUO opened at $0.65 on Friday. The business’s 50 day moving average is $1.20 and its two-hundred day moving average is $0.78. Fangdd Network Group has a 52 week low of $0.32 and a 52 week 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. Sassicaia Capital Advisers LLC bought a new position in Fangdd Network Group Ltd. (NASDAQ:DUO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group comprises approximately 0.1% of Sassicaia Capital Advisers LLC’s portfolio, making the stock its 17th largest position. Sassicaia Capital Advisers LLC owned about 0.36% of Fangdd Network Group at the end of the most recent quarter.

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.