Dingdong (Cayman) Limited (NYSE:DDL) Short Interest Update

Dingdong (Cayman) Limited (NYSE:DDL) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 1,140,000 shares, a drop of 7.3% from the October 31st total of 1,230,000 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,340,000 shares, the days-to-cover ratio is currently 0.9 days.

Dingdong (Cayman) Trading Up 2.7 %

Shares of DDL stock traded up $0.11 during trading hours on Monday, reaching $4.40. 1,450,578 shares of the stock were exchanged, compared to its average volume of 680,991. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 47.78 and a beta of 0.34. The company’s 50-day moving average price is $3.68 and its 200-day moving average price is $2.63. Dingdong has a 12-month low of $1.07 and a 12-month high of $4.60.

Institutional Trading of Dingdong (Cayman)

A number of institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Dingdong (Cayman) by 3,090.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 684,345 shares of the company’s stock valued at $2,429,000 after purchasing an additional 662,894 shares during the period. Vanguard Group Inc. boosted its stake in Dingdong (Cayman) by 0.4% during the first quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company’s stock worth $5,917,000 after buying an additional 17,900 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Dingdong (Cayman) by 63.4% in the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company’s stock valued at $1,373,000 after buying an additional 267,700 shares during the period. GSA Capital Partners LLP raised its position in Dingdong (Cayman) by 81.0% in the third quarter. GSA Capital Partners LLP now owns 72,561 shares of the company’s stock valued at $258,000 after purchasing an additional 32,478 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Dingdong (Cayman) in the 2nd quarter worth approximately $86,000. Institutional investors and hedge funds own 24.66% of the company’s stock.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.