Short Interest in Fangdd Network Group Ltd. (NASDAQ:DUO) Increases By 460.0%

by · The Cerbat Gem

Fangdd Network Group Ltd. (NASDAQ:DUO – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 5,560,000 shares, a growth of 460.0% from the September 15th total of 992,800 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average daily volume of 13,760,000 shares, the days-to-cover ratio is currently 0.4 days.

Fangdd Network Group Stock Up 4.9 %

Fangdd Network Group stock traded up $0.06 during mid-day trading on Friday, reaching $1.28. The company’s stock had a trading volume of 13,207,859 shares, compared to its average volume of 6,047,570. The firm’s fifty day moving average price is $0.87 and its two-hundred day moving average price is $0.67. Fangdd Network Group has a 12-month low of $0.32 and a 12-month high of $4.67.

About Fangdd Network Group

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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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