Fangdd Network Group Ltd. (NASDAQ:DUO) Short Interest Down 36.5% in October

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,250,000 shares, a drop of 36.5% from the October 15th total of 1,970,000 shares. Approximately 9.8% of the shares of the company are sold short. Based on an average daily trading volume, of 16,830,000 shares, the short-interest ratio is currently 0.1 days.

Fangdd Network Group Stock Performance

Fangdd Network Group stock opened at $0.65 on Friday. Fangdd Network Group has a one year low of $0.32 and a one year high of $4.67. The company has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $0.78.

Hedge Funds Weigh In On Fangdd Network Group

A hedge fund recently bought a new stake in Fangdd Network Group stock. Sassicaia Capital Advisers LLC purchased a new position in Fangdd Network Group Ltd. (NASDAQ:DUO) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group accounts for 0.1% of Sassicaia Capital Advisers LLC’s portfolio, making the stock its 17th largest holding. Sassicaia Capital Advisers LLC owned 0.36% of Fangdd Network Group as of its most recent filing with the SEC.

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.