Dada Nexus Limited (NASDAQ:DADA - Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 9,670,000 shares, an increase of 41.0% from the April 30th total of 6,860,000 shares. Based on an average daily trading volume, of 2,730,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 4.1% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund acquired a new position in Dada Nexus in the 4th quarter valued at $34,000. Bank of America Corp DE raised its holdings in Dada Nexus by 1,362.9% in the 4th quarter. Bank of America Corp DE now owns 2,326,212 shares of the company's stock valued at $2,815,000 after acquiring an additional 2,167,196 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Dada Nexus by 7,106.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 912,664 shares of the company's stock worth $1,104,000 after buying an additional 900,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dada Nexus by 472.8% during the 4th quarter. Geode Capital Management LLC now owns 62,858 shares of the company's stock worth $76,000 after buying an additional 51,884 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Dada Nexus during the 4th quarter worth $46,000. 59.25% of the stock is currently owned by institutional investors and hedge funds.
Dada Nexus Stock Performance
DADA stock traded up $0.02 on Tuesday, reaching $2.02. The company had a trading volume of 404,115 shares, compared to its average volume of 1,994,223. Dada Nexus has a 1 year low of $1.04 and a 1 year high of $2.52. The company's fifty day moving average is $1.95 and its 200 day moving average is $1.72. The company has a market cap of $521.66 million, a P/E ratio of -1.82 and a beta of 1.33.
Dada Nexus (NASDAQ:DADA - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. Dada Nexus had a negative net margin of 20.95% and a negative return on equity of 12.70%. The company had revenue of $338.25 million during the quarter.
About Dada Nexus
(
Get Free Report)
Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.
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