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

Fangdd Network Group (NASDAQ:DUO) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 154,399 shares, a decline of 37.1% from the April 30th total of 245,442 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 64,851 shares, the days-to-cover ratio is currently 2.4 days.

Fangdd Network Group Trading Down 1.8%

NASDAQ:DUO opened at $1.08 on Friday. Fangdd Network Group has a 52-week low of $0.98 and a 52-week high of $5.34. The business’s fifty day moving average is $1.26 and its 200 day moving average is $1.40.

Fangdd Network Group (NASDAQ:DUO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3,795.34 earnings per share (EPS) for the quarter. The company had revenue of $11.16 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Fangdd Network Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.