DarkIris Inc. (NASDAQ:DKI) Sees Large Decrease in Short Interest

DarkIris Inc. (NASDAQ:DKIGet Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 13,653 shares, a decrease of 80.2% from the August 15th total of 68,953 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 52,042 shares, the days-to-cover ratio is presently 0.3 days.

DarkIris Price Performance

Shares of NASDAQ:DKI traded up $0.06 during midday trading on Friday, hitting $2.53. The company had a trading volume of 2,664 shares, compared to its average volume of 319,539. DarkIris has a twelve month low of $2.38 and a twelve month high of $188.80. The business’s 50-day simple moving average is $4.04 and its 200-day simple moving average is $5.49.

DarkIris (NASDAQ:DKIGet Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.76) earnings per share (EPS) for the quarter. The business had revenue of $2.96 million during the quarter.

Institutional Investors Weigh In On DarkIris

An institutional investor recently raised its stake in DarkIris stock. Renaissance Technologies LLC boosted its position in shares of DarkIris Inc. (NASDAQ:DKIFree Report) by 145.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,942 shares of the company’s stock after purchasing an additional 74,110 shares during the period. Renaissance Technologies LLC owned approximately 9.92% of DarkIris worth $37,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DKI. Wall Street Zen upgraded shares of DarkIris to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of DarkIris in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

View Our Latest Research Report on DKI

About DarkIris

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DarkIris Inc is a holding company incorporated as an exempted company on May 31, 2024 under the laws of the Cayman Islands. We operate substantially all of our business through our subsidiaries in Hong Kong, namely Quantum Arts Co, Limited (“Quantum”) and Hongkong Stellar Wisdom Co, Limited (“Stellar”). Operated in Hong Kong, we are a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games via various third-party digital storefronts. Our activities encompass including game design, programming and graphics, as well as distribution and operation of mobile games on various platforms.

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