DarkIris Inc. (NASDAQ:DKI) Sees Significant Increase in Short Interest

DarkIris Inc. (NASDAQ:DKI) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 277,968 shares, a growth of 734.2% from the February 12th total of 33,320 shares. Based on an average trading volume of 907,918 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.4% of the shares of the company are short sold. Currently, 1.4% of the shares of the company are short sold. Based on an average trading volume of 907,918 shares, the days-to-cover ratio is currently 0.3 days.

DarkIris Price Performance

DKI stock opened at $0.44 on Wednesday. The company’s 50-day moving average price is $0.44 and its 200 day moving average price is $1.73. DarkIris has a 52 week low of $0.30 and a 52 week high of $15.00.

DarkIris (NASDAQ:DKI) last issued its earnings results on Friday, January 30th. The company reported ($0.28) earnings per share (EPS) for the quarter. The business had revenue of $2.44 million for the quarter.

Hedge Funds Weigh In On DarkIris

A hedge fund recently bought a new stake in DarkIris stock. Scientech Research LLC acquired a new position in shares of DarkIris Inc. (NASDAQ:DKI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned about 0.19% of DarkIris as of its most recent filing with the Securities & Exchange Commission.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of DarkIris in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.