Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL) Short Interest Update

Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 2,654,930 shares, a growth of 34.9% from the January 29th total of 1,968,600 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 7,250,472 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 7,250,472 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.6% of the shares of the company are short sold.

Dingdong (Cayman) Price Performance

NYSE DDL traded down $0.01 during trading hours on Wednesday, reaching $2.74. 955,213 shares of the company’s stock traded hands, compared to its average volume of 2,785,018. The firm has a market cap of $647.27 million, a PE ratio of 16.12 and a beta of 0.42. The firm has a 50-day simple moving average of $2.83 and a 200 day simple moving average of $2.30. Dingdong has a 52-week low of $1.65 and a 52-week high of $3.68.

Institutional Trading of Dingdong (Cayman)

Several institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. lifted its position in Dingdong (Cayman) by 66.7% during the third quarter. Raymond James Financial Inc. now owns 25,000 shares of the company’s stock valued at $52,000 after purchasing an additional 10,000 shares during the last quarter. State Street Corp grew its stake in Dingdong (Cayman) by 6.2% in the 4th quarter. State Street Corp now owns 275,642 shares of the company’s stock worth $686,000 after acquiring an additional 16,034 shares in the last quarter. Belvedere Trading LLC bought a new position in Dingdong (Cayman) in the 4th quarter worth about $40,000. Public Employees Retirement System of Ohio increased its position in shares of Dingdong (Cayman) by 8.2% during the third quarter. Public Employees Retirement System of Ohio now owns 223,125 shares of the company’s stock worth $462,000 after acquiring an additional 16,919 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Dingdong (Cayman) during the second quarter valued at approximately $54,000. Hedge funds and other institutional investors own 24.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DDL shares. Zacks Research lowered shares of Dingdong (Cayman) from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Wall Street Zen downgraded shares of Dingdong (Cayman) from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dingdong (Cayman) in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dingdong (Cayman) presently has a consensus rating of “Reduce”.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Inc, which operates under the Dingdong Fresh brand, is a China-based online grocery and fresh food delivery platform. The company leverages a network of urban micro-fulfillment centers to offer consumers a wide selection of produce, meats, seafood, dairy, packaged goods and everyday household items through its mobile application and website.

Orders placed via the Dingdong Fresh app are fulfilled from strategically located dark stores within target neighborhoods, enabling the company to promise delivery times as fast as 20–30 minutes.