Fangdd Network Group (NASDAQ:DUO) Shares Shorted: Short Interest Down 53.3% in September

Fangdd Network Group (NASDAQ:DUO) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 404,634 shares, a drop of 53.3% from the August 31st total of 866,198 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 181,541 shares, the short-interest ratio is currently 2.2 days.

Fangdd Network Group Trading Up 3.7%

Shares of NASDAQ:DUO traded up $0.02 during midday trading on Tuesday, reaching $0.64. 843,811 shares of the company were exchanged, compared to its average volume of 519,870. Fangdd Network Group has a fifty-two week low of $0.42 and a fifty-two week high of $4.10. The stock has a fifty day simple moving average of $0.61 and a two-hundred day simple moving average of $0.90.

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 business had revenue of $8.52 million during the quarter.

Analyst Ratings Changes

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 company has an average rating of “Sell”.

Fangdd Network Group Company Profile

Fangdd Network Group Limited is a China-based real estate technology company that operates an online platform designed to support property transactions and real estate professionals. Its platform connects real estate agents, brokers, property developers and prospective buyers or renters, helping participants share property information and manage transaction-related activities.

The company provides digital tools and services for real estate agencies and agents, including property listing and search functions, customer and transaction management capabilities, collaboration tools, and other software intended to improve the efficiency of property marketing and sales.