Fangdd Network Group (NASDAQ:DUO) Sees Large Growth in Short Interest

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. Currently, 3.5% of the company’s shares are short sold. Based on an average daily trading volume, of 5,874,315 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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, the stock currently has a consensus rating of “Sell”.

Fangdd Network Group Trading Down 1.4%

Shares of NASDAQ:DUO opened at $0.52 on Friday. Fangdd Network Group has a 1 year low of $0.50 and a 1 year high of $4.33. The firm’s 50-day moving average is $0.63 and its two-hundred day moving average is $0.95.

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

Fangdd Network Group Company Profile

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.