Fangdd Network Group (NASDAQ:DUO) Short Interest Up 51.8% in July

Fangdd Network Group (NASDAQ:DUO) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 166,225 shares, a growth of 51.8% from the July 15th total of 109,492 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 503,896 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Fangdd Network Group in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Fangdd Network Group Trading Up 8.6%

NASDAQ:DUO opened at $0.69 on Thursday. Fangdd Network Group has a one year low of $0.54 and a one year high of $5.34. The company has a fifty day moving average price of $0.67 and a 200 day moving average price of $1.02.

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.