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

Dingdong (Cayman) Limited (NYSE:DDL) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 1,570,000 shares, a growth of 37.7% from the November 15th total of 1,140,000 shares. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Trading of Dingdong (Cayman)

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Dingdong (Cayman) by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock valued at $5,917,000 after purchasing an additional 17,900 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Dingdong (Cayman) in the second quarter worth approximately $86,000. Renaissance Technologies LLC lifted its position in Dingdong (Cayman) by 63.4% in the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock worth $1,373,000 after buying an additional 267,700 shares in the last quarter. GSA Capital Partners LLP boosted its position 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 purchasing an additional 32,478 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Dingdong (Cayman) by 3,090.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 684,345 shares of the company’s stock valued at $2,429,000 after buying an additional 662,894 shares in the last quarter. 24.66% of the stock is owned by institutional investors and hedge funds.

Dingdong (Cayman) Trading Down 4.5 %

NYSE:DDL traded down $0.19 on Friday, reaching $4.04. The stock had a trading volume of 511,637 shares, compared to its average volume of 699,006. Dingdong has a 12-month low of $1.07 and a 12-month high of $4.79. The company has a 50-day moving average of $3.87 and a 200 day moving average of $2.77. The stock has a market cap of $954.37 million, a P/E ratio of 46.89 and a beta of 0.37.

Dingdong (Cayman) Company Profile

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.