Fangdd Network Group Ltd. (NASDAQ:DUO - Get Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 166,400 shares, a decline of 96.1% from the May 15th total of 4,320,000 shares. Approximately 0.5% of the company's shares are short sold. Based on an average daily trading volume, of 301,200 shares, the short-interest ratio is presently 0.6 days.
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 shares of Fangdd Network Group Ltd. (NASDAQ:DUO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 178,452 shares of the company's stock, valued at approximately $107,000. Virtu Financial LLC owned approximately 3.88% of Fangdd Network Group at the end of the most recent quarter.
Fangdd Network Group Price Performance
Fangdd Network Group stock traded down $0.08 during midday trading on Friday, reaching $2.58. The stock had a trading volume of 29,875 shares, compared to its average volume of 488,561. Fangdd Network Group has a twelve month low of $2.40 and a twelve month high of $74.72. The stock's 50-day simple moving average is $3.57 and its 200 day simple moving average is $7.00.
Fangdd Network Group Company Profile
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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.
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