Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Expands By 208.5%

Fangdd Network Group Ltd. (NASDAQ:DUO) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,000,000 shares, a growth of 208.5% from the March 15th total of 972,500 shares. Based on an average daily volume of 2,860,000 shares, the short-interest ratio is presently 1.0 days. Approximately 8.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Fangdd Network Group

A hedge fund recently bought a new stake in Fangdd Network Group stock. Virtu Financial LLC purchased a new position in Fangdd Network Group Ltd. (NASDAQ:DUO) during the 4th quarter, according to the company in its most recent 13F filing 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 about 3.88% of Fangdd Network Group as of its most recent filing with the Securities & Exchange Commission.

Fangdd Network Group Stock Performance

Shares of DUO traded up $0.01 during midday trading on Thursday, hitting $0.24. 8,355,387 shares of the stock traded hands, compared to its average volume of 7,355,087. The business’s 50 day moving average price is $0.41 and its two-hundred day moving average price is $0.76. Fangdd Network Group has a 1-year low of $0.20 and a 1-year high of $4.67.

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.