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

Dingdong (Cayman) Limited (NYSE:DDL) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,230,000 shares, an increase of 54.6% from the October 15th total of 795,500 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Dingdong (Cayman)

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Dingdong (Cayman) during the first quarter valued at approximately $54,000. Acadian Asset Management LLC purchased a new stake in Dingdong (Cayman) in the 2nd quarter worth approximately $86,000. Quadrature Capital Ltd raised its holdings in Dingdong (Cayman) by 87.9% in the 3rd quarter. Quadrature Capital Ltd now owns 47,686 shares of the company’s stock valued at $168,000 after acquiring an additional 22,302 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Dingdong (Cayman) during the 3rd quarter worth $170,000. Finally, XTX Topco Ltd acquired a new stake in shares of Dingdong (Cayman) during the third quarter worth $225,000. 24.66% of the stock is currently owned by hedge funds and other institutional investors.

Dingdong (Cayman) Stock Performance

DDL stock opened at $3.99 on Friday. The stock’s 50 day moving average price is $3.41 and its 200 day moving average price is $2.45. The firm has a market cap of $942.55 million, a P/E ratio of 44.33 and a beta of 0.34. Dingdong has a 1 year low of $1.07 and a 1 year high of $4.60.

About Dingdong (Cayman)

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.