Fangdd Network Group Ltd. (NASDAQ:DUO) Short Interest Down 82.8% in January

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 277,900 shares, a drop of 82.8% from the December 31st total of 1,620,000 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 9,680,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Fangdd Network Group

An institutional investor recently bought a new position in Fangdd Network Group stock. Sassicaia Capital Advisers LLC purchased a new stake in Fangdd Network Group Ltd. (NASDAQ:DUO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group accounts for about 0.1% of Sassicaia Capital Advisers LLC’s investment portfolio, making the stock its 17th biggest holding. Sassicaia Capital Advisers LLC owned about 0.36% of Fangdd Network Group at the end of the most recent quarter.

Fangdd Network Group Price Performance

DUO traded down $0.03 during trading on Tuesday, hitting $0.58. The company’s stock had a trading volume of 2,286,517 shares, compared to its average volume of 1,830,718. Fangdd Network Group has a twelve month low of $0.32 and a twelve month high of $4.67. The stock’s fifty day moving average price is $0.63 and its 200-day moving average price is $0.78.

About Fangdd Network Group

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.