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

DarkIris Inc. (NASDAQ:DKI) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 37,159 shares, a drop of 48.5% from the November 30th total of 72,106 shares. Based on an average daily trading volume, of 68,718 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 68,718 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on DarkIris in a report on Saturday, November 1st. They set a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

DarkIris Trading Up 10.9%

NASDAQ DKI traded up $0.03 during trading hours on Friday, hitting $0.35. 477,184 shares of the company’s stock traded hands, compared to its average volume of 73,419. DarkIris has a 52-week low of $0.30 and a 52-week high of $15.00. The company’s 50-day moving average is $0.48.

Hedge Funds Weigh In On DarkIris

An institutional investor recently bought a new position in DarkIris stock. Scientech Research LLC bought a new stake in DarkIris Inc. (NASDAQ:DKI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned about 0.19% of DarkIris at the end of the most recent reporting period.

About DarkIris

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.