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

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

Fangdd Network Group Price Performance

NASDAQ DUO traded down $0.01 on Tuesday, hitting $0.65. The company had a trading volume of 3,251 shares, compared to its average volume of 164,891. The company’s fifty day moving average price is $0.68 and its 200-day moving average price is $1.03. Fangdd Network Group has a 12-month low of $0.54 and a 12-month high of $5.34.

Analyst Ratings Changes

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

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.