From MarketBeat:

Dada Nexus Limited experienced a significant increase in short interest in December. This amounted to 3,640,000 shares, a 25.5% increase from the previous month. Dada Nexus shares are currently rated at a “Moderate Buy” with an average price target of $9.89, based on reports from several brokerages.

Amid these changes, Dada Nexus stock has seen some fluctuation, with shares trading as low as $2.88 and as high as $15.59 in the past year. Its current price stands at $3.32. Dada Nexus also recently announced its quarterly earnings, reporting ($0.03) earnings per share for the quarter.

Finally, several institutional investors and hedge funds have increased their stakes in Dada Nexus. This includes companies such as Citigroup Inc., Vontobel Holding Ltd., and Franklin Resources Inc.

Dada Nexus Limited operates a platform for local on-demand retail and delivery in the People’s Republic of China. This includes a delivery platform as well as a retail platform for consumers, retailers, and brand owners.



Read more: Dada Nexus Limited (NASDAQ:DADA) Short Interest Up 25.5% in December