Fangdd Network Group (NASDAQ:DUO) Short Interest Update

Fangdd Network Group (NASDAQ:DUO) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 866,198 shares, an increase of 555.8% from the August 15th total of 132,088 shares. Based on an average daily trading volume, of 5,874,315 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.5% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fangdd Network Group in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Fangdd Network Group Stock Performance

Fangdd Network Group stock opened at $0.52 on Friday. Fangdd Network Group has a 1-year low of $0.50 and a 1-year high of $4.33. The stock’s fifty day moving average is $0.63 and its two-hundred day moving average is $0.95.

Fangdd Network Group (NASDAQ:DUO) last announced its quarterly earnings results on Friday, August 28th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $57.87 million during the quarter.

Fangdd Network Group Company Profile

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.