Dingdong (Cayman) Limited (NYSE:DDL) Short Interest Update

Dingdong (Cayman) Limited (NYSE:DDL - Get Free Report) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 1,570,000 shares, a growth of 37.7% from the November 15th total of 1,140,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.1% of the shares of the stock are sold short.

Dingdong (Cayman) Stock Performance

Shares of NYSE DDL traded down $0.20 during mid-day trading on Friday, hitting $4.03. 599,782 shares of the stock were exchanged, compared to its average volume of 699,481. The company has a market cap of $952.00 million, a P/E ratio of 44.78 and a beta of 0.37. Dingdong has a twelve month low of $1.07 and a twelve month high of $4.79. The stock's fifty day simple moving average is $3.87 and its two-hundred day simple moving average is $2.79.

Institutional Investors Weigh In On Dingdong (Cayman)

Hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Dingdong (Cayman) by 3,090.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 684,345 shares of the company's stock worth $2,429,000 after purchasing an additional 662,894 shares during the last quarter. Vanguard Group Inc. grew its holdings in Dingdong (Cayman) by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 4,849,609 shares of the company's stock worth $5,917,000 after acquiring an additional 17,900 shares during the last quarter. Renaissance Technologies LLC increased its position in Dingdong (Cayman) by 63.4% in the 2nd quarter. Renaissance Technologies LLC now owns 690,200 shares of the company's stock valued at $1,373,000 after acquiring an additional 267,700 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Dingdong (Cayman) by 81.0% in the third quarter. GSA Capital Partners LLP now owns 72,561 shares of the company's stock worth $258,000 after acquiring an additional 32,478 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Dingdong (Cayman) during the second quarter worth approximately $86,000. 24.66% of the stock is owned by institutional investors and hedge funds.

About Dingdong (Cayman)

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.