DarkIris Inc. (NASDAQ:DKI) Shares Shorted: Short Interest Up 254.0% in September

DarkIris Inc. (NASDAQ:DKI) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 48,330 shares, an increase of 254.0% from the August 31st total of 13,653 shares. Based on an average trading volume of 51,238 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.8% of the company’s shares are sold short.

DarkIris Trading Down 5.9%

Shares of NASDAQ DKI opened at $2.73 on Friday. The stock has a 50 day moving average price of $3.55 and a 200 day moving average price of $5.17. DarkIris has a 52-week low of $2.32 and a 52-week high of $188.80.

DarkIris (NASDAQ:DKI) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.76) earnings per share (EPS) for the quarter. The company had revenue of $2.96 million during the quarter.

Hedge Funds Weigh In On DarkIris

An institutional investor recently raised its position in DarkIris stock. Renaissance Technologies LLC lifted its position in DarkIris Inc. (NASDAQ:DKI) by 145.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,942 shares of the company’s stock after acquiring an additional 74,110 shares during the quarter. Renaissance Technologies LLC owned 9.92% of DarkIris worth $37,000 as of its most recent SEC filing.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DKI shares. Wall Street Zen upgraded DarkIris to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings restated a “sell (d-)” rating on shares of DarkIris in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, DarkIris presently has a consensus 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.