Fangdd Network Group (NASDAQ:DUO) Shares Shorted: Short Interest Down 53.3% in September

Fangdd Network Group (NASDAQ:DUO) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 404,634 shares, a decline of 53.3% from the August 31st total of 866,198 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 181,541 shares, the days-to-cover ratio is presently 2.2 days.

Fangdd Network Group Price Performance

Shares of DUO traded down $0.02 during mid-day trading on Wednesday, hitting $0.62. 93,439 shares of the company’s stock were exchanged, compared to its average volume of 517,558. Fangdd Network Group has a 52 week low of $0.42 and a 52 week high of $4.10. The company has a 50-day simple moving average of $0.61 and a 200 day simple moving average of $0.90.

Fangdd Network Group (NASDAQ:DUO) last announced its quarterly earnings data on Friday, August 28th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $8.52 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fangdd Network Group in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Fangdd Network Group Company Profile

Fangdd Network Group Limited is a China-based real estate technology company that operates an online platform designed to support property transactions and real estate professionals. Its platform connects real estate agents, brokers, property developers and prospective buyers or renters, helping participants share property information and manage transaction-related activities.

The company provides digital tools and services for real estate agencies and agents, including property listing and search functions, customer and transaction management capabilities, collaboration tools, and other software intended to improve the efficiency of property marketing and sales.