Fangdd Network Group (NASDAQ:DUO) Short Interest Update

Fangdd Network Group (NASDAQ:DUO – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 866,198 shares, an increase of 555.8% from the August 15th total of 132,088 shares. Based on an average daily trading volume, of 5,874,315 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

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Fangdd Network Group Stock Down 1.3%

Shares of NASDAQ DUO traded down $0.01 during mid-day trading on Friday, reaching $0.51. 28,885 shares of the company’s stock traded hands, compared to its average volume of 3,369,682. The business has a 50-day simple moving average of $0.62 and a 200 day simple moving average of $0.95. Fangdd Network Group has a 1-year low of $0.50 and a 1-year high of $4.33.

Fangdd Network Group (NASDAQ:DUO – Get Free Report) last announced its quarterly earnings results on Friday, August 28th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $57.87 million for 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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