These 5 Chinese Stocks are Rebounding as Crackdown Nears End

2. Dada Nexus Limited (NASDAQ:DADA)

Number of Hedge Fund Holders: 15   

Increase in Share Price Over Past Month: 11.37%

Dada Nexus Limited (NASDAQ:DADA) provides retail and delivery services. On March 9, Credit Suisse analyst Ashley Xu upgraded the stock to Outperform from Neutral with a price target of $17.5, noting that the firm had ample liquidity to support growth in the near future. 

Hedge funds have been loading up on Dada Nexus Limited (NASDAQ:DADA) in recent months. At the end of the fourth quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $86 million in Dada Nexus Limited (NASDAQ:DADA), compared to 13 in the preceding quarter worth $106 million.