Fangdd Network Group Ltd. (NASDAQ:DUO) Short Interest Up 1,056.2% in February

Fangdd Network Group Ltd. (NASDAQ:DUO) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 4,590,000 shares, an increase of 1,056.2% from the January 31st total of 397,000 shares. Approximately 12.9% of the company’s stock are sold short. Based on an average daily volume of 7,400,000 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

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

Fangdd Network Group Stock Performance

Fangdd Network Group stock traded down $0.02 on Friday, hitting $0.50. 1,093,508 shares of the stock traded hands, compared to its average volume of 3,135,110. The business’s fifty day simple moving average is $0.60 and its 200 day simple moving average is $0.79. Fangdd Network Group has a 1 year low of $0.32 and a 1 year high of $4.67.

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.