Fangdd Network Group (NASDAQ:DUO) Short Interest Down 16.4% in January

Fangdd Network Group (NASDAQ:DUO) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 135,089 shares, a decrease of 16.4% from the December 31st total of 161,663 shares. Currently, 9.3% of the company’s shares are sold short. Based on an average daily trading volume, of 61,967 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily trading volume, of 61,967 shares, the days-to-cover ratio is currently 2.2 days. Currently, 9.3% of the company’s shares are sold short.

Fangdd Network Group Stock Performance

Shares of Fangdd Network Group stock traded down $0.17 during trading hours on Tuesday, hitting $1.27. The company’s stock had a trading volume of 167,134 shares, compared to its average volume of 291,928. The stock has a market cap of $2.83 million, a price-to-earnings ratio of -0.01 and a beta of 2.98. Fangdd Network Group has a twelve month low of $1.24 and a twelve month high of $11.46. The firm has a fifty day moving average of $1.67 and a 200-day moving average of $2.17.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fangdd Network Group in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Fangdd Network Group presently has an average rating of “Sell”.

Institutional Investors Weigh In On Fangdd Network Group

A hedge fund recently bought a new stake in Fangdd Network Group stock. Ground Swell Capital LLC purchased a new stake in Fangdd Network Group (NASDAQ:DUO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,826 shares of the company’s stock, valued at approximately $25,000. Ground Swell Capital LLC owned 0.53% of Fangdd Network Group as of its most recent filing with the SEC.

About Fangdd Network Group

Fangdd Network Group Ltd (NASDAQ: DUO) operates an online real estate transaction services platform in China, connecting property developers, brokers and individual homebuyers. The company offers a suite of cloud-based software tools and marketplace solutions designed to streamline property listings, marketing campaigns and customer relationship management for real estate agencies and developers.

Through its SaaS platform, Fangdd delivers tools for multi-channel listing distribution, virtual property tours, lead generation and transaction management.