Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL) Short Interest Up 130.1% in December

Dingdong (Cayman) Limited Sponsored ADR (NYSE:DDL) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,315,395 shares, a growth of 130.1% from the December 15th total of 571,669 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 3,084,992 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 3,084,992 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the company’s shares are short sold.

Dingdong (Cayman) Trading Down 4.6%

DDL stock traded down $0.13 during mid-day trading on Friday, reaching $2.60. The company’s stock had a trading volume of 1,062,277 shares, compared to its average volume of 1,686,450. Dingdong has a 12 month low of $1.65 and a 12 month high of $3.85. The business’s 50 day moving average price is $2.24 and its 200 day moving average price is $2.14. The company has a market cap of $613.02 million, a price-to-earnings ratio of 15.26 and a beta of 0.42.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dingdong (Cayman) in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Dingdong (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DDL. QRG Capital Management Inc. bought a new stake in Dingdong (Cayman) in the second quarter valued at $32,000. Raymond James Financial Inc. increased its position in Dingdong (Cayman) by 66.7% in the 3rd quarter. Raymond James Financial Inc. now owns 25,000 shares of the company’s stock valued at $52,000 after buying an additional 10,000 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Dingdong (Cayman) in the 2nd quarter valued at about $54,000. Centiva Capital LP acquired a new position in Dingdong (Cayman) during the 3rd quarter worth approximately $56,000. Finally, BNP Paribas Financial Markets boosted its holdings in Dingdong (Cayman) by 43,678.9% in the second quarter. BNP Paribas Financial Markets now owns 33,272 shares of the company’s stock worth $67,000 after acquiring an additional 33,196 shares in the last quarter. 24.66% of the stock is owned by institutional investors.

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.