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 decrease in short interest in the month of January. As of January 15th, there was short interest totalling 277,900 shares, a decrease of 82.8% from the December 31st total of 1,620,000 shares. Based on an average trading volume of 9,680,000 shares, the short-interest ratio is presently 0.0 days. Approximately 2.2% of the shares of the company are short sold.

Fangdd Network Group Stock Performance

Shares of DUO traded down $0.03 during mid-day trading on Tuesday, hitting $0.58. The stock had a trading volume of 2,286,517 shares, compared to its average volume of 1,830,718. Fangdd Network Group has a 52 week low of $0.32 and a 52 week high of $4.67. The business has a fifty day moving average price of $0.63 and a 200-day moving average price of $0.78.

Institutional Investors Weigh In On Fangdd Network Group

A hedge fund recently bought a new stake in Fangdd Network Group stock. Sassicaia Capital Advisers LLC acquired a new position in shares of Fangdd Network Group Ltd. (NASDAQ:DUO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group makes up about 0.1% of Sassicaia Capital Advisers LLC’s investment portfolio, making the stock its 17th largest position. Sassicaia Capital Advisers LLC owned 0.36% of Fangdd Network Group as of its most recent SEC filing.

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.