DarkIris Inc. (NASDAQ:DKI) Short Interest Update

DarkIris Inc. (NASDAQ:DKI) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 44,839 shares, a decline of 95.9% from the April 30th total of 1,086,484 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 44,191 shares, the short-interest ratio is currently 1.0 days.

DarkIris Stock Performance

DKI traded up $0.13 during midday trading on Wednesday, reaching $6.26. 33,173 shares of the company’s stock were exchanged, compared to its average volume of 67,587. The business’s 50-day moving average price is $6.61 and its 200 day moving average price is $6.75. DarkIris has a 1-year low of $4.51 and a 1-year high of $240.00.

Insider Buying and Selling

In related news, CEO Zhifang Hong acquired 89,285 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased 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 in the company, valued at approximately $2,407,356. This represents a 26.21% increase in their ownership of the stock. The purchase was disclosed in a document filed 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 bought a new position in shares of DarkIris Inc. (NASDAQ:DKI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of DarkIris from a “sell (e)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DarkIris currently has an average 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.