Short Interest in Fangdd Network Group (NASDAQ:DUO) Decreases By 37.1%

Fangdd Network Group (NASDAQ:DUO – Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 154,399 shares, a decrease of 37.1% from the April 30th total of 245,442 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 64,851 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Fangdd Network Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Fangdd Network Group currently has an average rating of “Sell”.

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Fangdd Network Group Price Performance

Shares of NASDAQ DUO opened at $1.09 on Thursday. The business has a 50-day moving average of $1.26 and a 200-day moving average of $1.40. Fangdd Network Group has a 12 month low of $0.98 and a 12 month high of $5.34.

Fangdd Network Group (NASDAQ:DUO – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3,795.34 EPS for the quarter. The company had revenue of $11.16 million during the quarter.

About Fangdd Network Group

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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.

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