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

DarkIris Inc. (NASDAQ:DKI) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 153,271 shares, a decrease of 91.1% from the October 15th total of 1,715,503 shares. Based on an average daily trading volume, of 1,390,713 shares, the days-to-cover ratio is presently 0.1 days. Currently, 510.9% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised DarkIris from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, November 2nd. Wall Street Zen raised shares of DarkIris to a “sell” rating in a research note on Saturday, October 31st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of DarkIris

A hedge fund recently raised its stake in DarkIris stock. Renaissance Technologies LLC grew its holdings in shares of DarkIris Inc. (NASDAQ:DKI) by 145.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,942 shares of the company’s stock after buying an additional 74,110 shares during the quarter. Renaissance Technologies LLC owned 9.92% of DarkIris worth $37,000 at the end of the most recent quarter.

DarkIris Stock Up 9.4%

Shares of DKI opened at $1.56 on Wednesday. The stock’s fifty day simple moving average is $65.19 and its 200 day simple moving average is $239.62. DarkIris has a twelve month low of $1.33 and a twelve month high of $968.00.

DarkIris (NASDAQ:DKI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($37.75) earnings per share (EPS) for the quarter. The business had revenue of $2.96 million during the quarter.

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.