Fangdd Network Group (NASDAQ:DUO) Short Interest Up 237.6% in January

Fangdd Network Group (NASDAQ:DUO) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 456,112 shares, an increase of 237.6% from the January 15th total of 135,089 shares. Based on an average daily volume of 492,036 shares, the short-interest ratio is presently 0.9 days. Currently, 31.5% of the shares of the company are sold short. Currently, 31.5% of the shares of the company are sold short. Based on an average daily volume of 492,036 shares, the short-interest ratio is presently 0.9 days.

Fangdd Network Group Trading Down 6.0%

Shares of NASDAQ DUO traded down $0.08 during mid-day trading on Wednesday, hitting $1.25. The company had a trading volume of 65,553 shares, compared to its average volume of 242,016. Fangdd Network Group has a 1 year low of $1.14 and a 1 year high of $11.46. The company has a market capitalization of $2.80 million, a price-to-earnings ratio of -0.01 and a beta of 2.98. The stock’s 50-day moving average price is $1.61 and its 200-day moving average price is $2.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fangdd Network Group in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently 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 position in Fangdd Network Group (NASDAQ:DUO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,826 shares of the company’s stock, valued at approximately $25,000. Ground Swell Capital LLC owned approximately 0.53% of Fangdd Network Group at the end of the most recent 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.