Short Interest in DarkIris Inc. (NASDAQ:DKI) Drops By 43.3%

DarkIris Inc. (NASDAQ:DKI) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 24,172 shares, a drop of 43.3% from the June 15th total of 42,605 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 24,023 shares, the days-to-cover ratio is currently 1.0 days.

Insider Activity

In other DarkIris news, CEO Zhifang Hong acquired 89,285 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $5.60 per share, with a total value of $499,996.00. Following the completion of the acquisition, the chief executive officer owned 429,885 shares of the company’s stock, valued at $2,407,356. This trade represents a 26.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On DarkIris

An institutional investor recently bought a new position in DarkIris stock. Scientech Research LLC acquired a new stake in shares of DarkIris Inc. (NASDAQ:DKI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 quarter.

DarkIris Stock Up 0.6%

DKI traded up $0.03 during trading on Friday, reaching $4.97. The stock had a trading volume of 31,103 shares, compared to its average volume of 12,566. DarkIris has a one year low of $3.96 and a one year high of $240.00. The business has a 50-day moving average of $5.38 and a 200-day moving average of $6.37.

Analyst Ratings Changes

A number of brokerages recently weighed in on DKI. Weiss Ratings raised shares of DarkIris from a “sell (e)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of DarkIris to a “sell” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, DarkIris presently has a consensus rating of “Sell”.

DarkIris Company Profile

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.