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

Fangdd Network Group Ltd. (NASDAQ:DUO) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,100,000 shares, a decline of 32.5% from the February 13th total of 4,590,000 shares. Based on an average daily trading volume, of 7,350,000 shares, the short-interest ratio is presently 0.4 days. Approximately 8.7% of the shares of the company are sold short.

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 shares of Fangdd Network Group Ltd. (NASDAQ:DUO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 178,452 shares of the company’s stock, valued at approximately $107,000. Virtu Financial LLC owned approximately 3.88% of Fangdd Network Group at the end of the most recent reporting period.

Fangdd Network Group Stock Performance

Shares of DUO stock traded down $0.01 on Monday, reaching $0.41. The stock had a trading volume of 1,072,093 shares, compared to its average volume of 7,163,941. Fangdd Network Group has a 1 year low of $0.32 and a 1 year high of $4.67. The company has a 50 day simple moving average of $0.57 and a 200 day simple moving average of $0.80.

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.