Dingdong (Cayman) Limited (NYSE:DDL) Short Interest Down 7.3% in November

Dingdong (Cayman) Limited (NYSE:DDL) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,140,000 shares, a decline of 7.3% from the October 31st total of 1,230,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Dingdong (Cayman)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDL. Vanguard Group Inc. lifted its holdings in shares of 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 during the period. Quadrature Capital Ltd lifted its position in shares of Dingdong (Cayman) by 87.9% in the 3rd quarter. Quadrature Capital Ltd now owns 47,686 shares of the company’s stock worth $168,000 after purchasing an additional 22,302 shares during the period. Virtu Financial LLC bought a new position in shares of Dingdong (Cayman) during the third quarter valued at approximately $115,000. GSA Capital Partners LLP increased its holdings in Dingdong (Cayman) by 81.0% during the third quarter. GSA Capital Partners LLP now owns 72,561 shares of the company’s stock valued at $258,000 after buying an additional 32,478 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Dingdong (Cayman) during the second quarter worth $86,000. Institutional investors own 24.66% of the company’s stock.

Dingdong (Cayman) Stock Up 1.3 %

DDL traded up $0.06 during trading on Tuesday, reaching $4.45. The company had a trading volume of 1,521,238 shares, compared to its average volume of 1,489,583. Dingdong has a 52 week low of $1.07 and a 52 week high of $4.60. The stock has a market cap of $1.05 billion, a P/E ratio of 49.67 and a beta of 0.37. The business has a 50 day simple moving average of $3.71 and a 200-day simple moving average of $2.65.

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.