Fangdd Network Group (NASDAQ:DUO) Short Interest Update

Fangdd Network Group (NASDAQ:DUO) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 343,573 shares, a drop of 24.7% from the January 29th total of 456,112 shares. Based on an average daily trading volume, of 110,236 shares, the days-to-cover ratio is currently 3.1 days. Currently, 23.7% of the shares of the stock are short sold. Currently, 23.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 110,236 shares, the days-to-cover ratio is currently 3.1 days.

Fangdd Network Group Price Performance

Shares of NASDAQ DUO traded down $0.00 during midday trading on Monday, reaching $1.17. 60,879 shares of the stock traded hands, compared to its average volume of 186,034. The company’s 50 day moving average is $1.42 and its 200 day moving average is $2.07. Fangdd Network Group has a one year low of $1.01 and a one year high of $8.83. The stock has a market capitalization of $2.61 million, a PE ratio of -0.01 and a beta of 3.01.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fangdd Network Group in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Fangdd Network Group has an average rating of “Sell”.

About Fangdd Network Group

Fangdd Network Group Ltd (NASDAQ: DUO) operates an online real estate transaction services platform in China, connecting property developers, brokers and individual homebuyers. The company offers a suite of cloud-based software tools and marketplace solutions designed to streamline property listings, marketing campaigns and customer relationship management for real estate agencies and developers.

Through its SaaS platform, Fangdd delivers tools for multi-channel listing distribution, virtual property tours, lead generation and transaction management.