Dada Nexus Limited (NASDAQ:DADA - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,950,000 shares, a decline 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 days-to-cover ratio is presently 1.5 days.
Hedge Funds Weigh In On Dada Nexus
Large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dada Nexus in the 3rd quarter valued at approximately $26,000. Wolverine Trading LLC acquired a new stake in shares of Dada Nexus in the 3rd quarter valued at approximately $42,000. GenTrust LLC acquired a new stake in shares of Dada Nexus in the 4th quarter valued at approximately $33,000. QRG Capital Management Inc. acquired a new stake in shares of Dada Nexus in the 4th quarter valued at approximately $34,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Dada Nexus in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 59.25% of the company's stock.
Dada Nexus Price Performance
NASDAQ:DADA traded down $0.03 during trading hours on Friday, reaching $1.86. 3,287,273 shares of the stock were exchanged, compared to its average volume of 1,758,612. Dada Nexus has a twelve month low of $1.04 and a twelve month high of $2.69. The firm has a 50 day moving average of $1.63 and a 200 day moving average of $1.54. The stock has a market cap of $482.05 million, a PE ratio of -1.68 and a beta of 1.40.
Dada Nexus (NASDAQ:DADA - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter. Dada Nexus had a negative return on equity of 12.70% and a negative net margin of 20.95%. The firm had revenue of $338.25 million for the quarter.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on DADA shares. Mizuho decreased their price objective on Dada Nexus from $4.50 to $4.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Citigroup decreased their price objective on Dada Nexus from $2.00 to $1.90 and set a "neutral" rating for the company in a research report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Dada Nexus currently has a consensus rating of "Hold" and an average price target of $2.67.
Check Out Our Latest Analysis on Dada Nexus
About Dada Nexus
(
Get Free Report)
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.
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