Short Interest in Dingdong (Cayman) Limited (NYSE:DDL) Increases By 37.7%

Posted by Amber O'Connor on Dec 13th, 2024

Dingdong (Cayman) Limited (NYSE:DDL – Get Free Report) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,570,000 shares, an increase of 37.7% from the November 15th total of 1,140,000 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Dingdong (Cayman)

Several hedge funds and other institutional investors have recently bought and sold shares of DDL. Virtu Financial LLC bought a new position in Dingdong (Cayman) in the third quarter worth $115,000. Acadian Asset Management LLC acquired a new stake in shares of Dingdong (Cayman) during the 2nd quarter valued at about $86,000. Quadrature Capital Ltd increased its stake in Dingdong (Cayman) by 87.9% in the third 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 period. Centiva Capital LP bought a new position in Dingdong (Cayman) during the third quarter worth about $170,000. Finally, XTX Topco Ltd acquired a new stake in Dingdong (Cayman) during the third quarter valued at approximately $225,000. 24.66% of the stock is currently owned by institutional investors and hedge funds.

Dingdong (Cayman) Price Performance

DDL stock traded down $0.19 on Friday, reaching $4.04. 511,637 shares of the company were exchanged, compared to its average volume of 699,006. The firm has a market capitalization of $954.37 million, a PE ratio of 46.89 and a beta of 0.37. Dingdong has a 12 month low of $1.07 and a 12 month high of $4.79. The stock’s fifty day moving average price is $3.87 and its 200 day moving average price is $2.77.

Dingdong (Cayman) Company Profile

(Get Free Report)

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.