Dada Nexus Limited (NASDAQ:DADA) Short Interest Update

Dada Nexus Limited (NASDAQ:DADA) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 2,950,000 shares, a drop of 19.0% from the January 31st total of 3,640,000 shares. Based on an average daily volume of 1,910,000 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On Dada Nexus

A number of institutional investors have recently added to or reduced their stakes in DADA. Cladis Investment Advisory LLC raised its stake in shares of Dada Nexus by 11.7% during the fourth quarter. Cladis Investment Advisory LLC now owns 167,500 shares of the company’s stock valued at $203,000 after acquiring an additional 17,500 shares during the last quarter. Bank of America Corp DE increased its holdings in Dada Nexus by 1,362.9% in the fourth quarter. Bank of America Corp DE now owns 2,326,212 shares of the company’s stock valued at $2,815,000 after purchasing an additional 2,167,196 shares during the period. Hhlr Advisors LTD. raised its position in Dada Nexus by 16.7% during the 4th quarter. Hhlr Advisors LTD. now owns 700,000 shares of the company’s stock worth $847,000 after purchasing an additional 100,000 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Dada Nexus during the 4th quarter worth about $63,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Dada Nexus by 60.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 260,522 shares of the company’s stock valued at $316,000 after buying an additional 97,817 shares during the last quarter. 59.25% of the stock is owned by institutional investors.

Dada Nexus Stock Up 0.3 %

Shares of DADA stock traded up $0.01 during mid-day trading on Tuesday, reaching $1.86. 541,861 shares of the stock traded hands, compared to its average volume of 1,796,155. The company has a market cap of $480.75 million, a price-to-earnings ratio of -1.67 and a beta of 1.41. The stock’s fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $1.52. Dada Nexus has a 1-year low of $1.04 and a 1-year high of $2.83.

Analysts Set New Price Targets

Several research firms recently weighed in on DADA. Citigroup cut their price objective on shares of Dada Nexus from $2.00 to $1.90 and set a “neutral” rating for the company in a research report on Friday, November 15th. Mizuho lowered their price objective on shares of Dada Nexus from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dada Nexus presently has a consensus rating of “Hold” and a consensus target price of $2.50.

Dada Nexus Company Profile

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People’s Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.