Phoenix Tree Holdings: 11 Things for Investors to Know About DNK Stock

Phoenix Tree Holdings (NYSE:DNK) is on the rise Wednesday despite no new news coming from the company.

a nicely decorated living room

Source: Africa Studio /

The rise in Phoenix Tree Holdings stock comes alongside heavy trading this morning. The company has seen about 89 million shares change hands as of this writing. That’s a major increase over its daily average trading volume of 1.28 million shares.

With Phoenix Tree Holdings gaining attention, investors will need to know what it’s all about. Luckily, we have a quick primer below.

  • Phoenix Tree Holdings is a Chinese company based in Beijing that handles the renting of rooms to residents.
  • However, it’s not a typical renting company.
  • Instead, the company works with landowners to set up individual rooms as apartments through its Danke Apartment division.
  • This also has it taking care of the remodeling of the room, as well as furnishing it to get it ready for renters.
  • It also offers dormitory-style apartments to businesses through its Danke Apartment business.
  • This has it renting out whole floors of buildings and renovating them into multiple rooms for employee use.
  • While its focus is on renting apartments, Phoenix Tree Holdings doesn’t slack in the data department.
  • The company seeks to allow for easy renting through online means.
  • To allow for that, it has its own big data platform with a learning artificial intelligence.
  • It’s also worth noting that the company’s market cap is sitting at $771.78 million.
  • It was founded in 2015 and only went public earlier this year.

DNK stock was up 83.2% as of Wednesday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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