DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Short Interest Update

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 21,946 shares, a decline of 40.6% from the August 31st total of 36,965 shares. Based on an average trading volume of 154,320 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of analysts have commented on DDI shares. B. Riley Financial raised their price objective on DoubleDown Interactive from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of DoubleDown Interactive in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Check Out Our Latest Stock Analysis on DDI

Institutional Investors Weigh In On DoubleDown Interactive

A number of institutional investors have recently added to or reduced their stakes in the stock. Aristides Capital LLC raised its holdings in shares of DoubleDown Interactive by 4.5% in the 4th quarter. Aristides Capital LLC now owns 34,194 shares of the company’s stock worth $295,000 after buying an additional 1,480 shares in the last quarter. GAMMA Investing LLC acquired a new stake in DoubleDown Interactive in the 2nd quarter valued at $155,000. Renaissance Technologies LLC boosted its stake in DoubleDown Interactive by 35.7% in the 1st quarter. Renaissance Technologies LLC now owns 73,256 shares of the company’s stock valued at $619,000 after buying an additional 19,256 shares in the last quarter. Whetstone Capital Advisors LLC bought a new stake in DoubleDown Interactive in the fourth quarter valued at $173,000. Finally, Potomac Capital Management Inc. bought a new stake in DoubleDown Interactive in the fourth quarter valued at $683,000.

DoubleDown Interactive Price Performance

Shares of NASDAQ:DDI traded down $0.06 during midday trading on Thursday, reaching $13.23. 36,829 shares of the company’s stock were exchanged, compared to its average volume of 111,214. The company’s 50 day simple moving average is $12.51 and its two-hundred day simple moving average is $11.24. The firm has a market capitalization of $655.55 million, a PE ratio of 5.19 and a beta of 1.03. DoubleDown Interactive has a 12 month low of $8.10 and a 12 month high of $13.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.67 and a current ratio of 18.67.

DoubleDown Interactive (NASDAQ:DDI – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $94.29 million for the quarter, compared to analyst estimates of $92.90 million. DoubleDown Interactive had a net margin of 32.91% and a return on equity of 12.93%. Equities research analysts expect that DoubleDown Interactive will post 2.58 earnings per share for the current fiscal year.

DoubleDown Interactive Company Profile

(Get Free Report)

DoubleDown Interactive Co, Ltd. (NASDAQ: DDI) is a social casino game developer and publisher headquartered in South Korea. The company creates free-to-play casino-themed games that use virtual currencies and are designed for play on mobile devices, personal computers and social-networking platforms.

Its principal product is DoubleDown Casino, a digital casino game featuring virtual versions of slot machines, blackjack, poker and other casino-style experiences. The company also offers additional social casino titles, including DoubleDown Fortunes and related mobile and online gaming products.

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