Fangdd Network Group (NASDAQ:DUO) Short Interest Up 555.8% in August

Fangdd Network Group (NASDAQ:DUO) was the recipient 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. Approximately 3.5% of the company’s shares are sold short. Based on an average daily trading volume, of 5,874,315 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 company presently has a consensus rating of “Sell”.

Fangdd Network Group Trading Down 1.3%

NASDAQ DUO opened at $0.51 on Friday. The firm’s 50 day moving average price is $0.62 and its two-hundred day moving average price is $0.95. Fangdd Network Group has a twelve month low of $0.50 and a twelve month high of $4.33.

Fangdd Network Group (NASDAQ:DUO) last released its earnings results on Friday, August 28th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $57.87 million during the quarter.

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.