DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Short Interest Update

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 5,680 shares, an increase of 74.1% from the November 30th total of 3,263 shares. Based on an average trading volume of 21,994 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 21,994 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On DoubleDown Interactive

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. bought a new position in DoubleDown Interactive during the first quarter worth $202,000. Trexquant Investment LP raised its holdings in shares of DoubleDown Interactive by 70.6% during the first quarter. Trexquant Investment LP now owns 17,262 shares of the company’s stock worth $171,000 after purchasing an additional 7,142 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of DoubleDown Interactive by 127.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,790 shares of the company’s stock worth $285,000 after buying an additional 16,128 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of DoubleDown Interactive by 124.7% in the 1st quarter. Acadian Asset Management LLC now owns 60,282 shares of the company’s stock valued at $591,000 after buying an additional 33,459 shares during the period. Finally, Boston Partners grew its position in shares of DoubleDown Interactive by 53.7% during the 2nd quarter. Boston Partners now owns 75,528 shares of the company’s stock valued at $723,000 after buying an additional 26,379 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DDI shares. Wall Street Zen raised DoubleDown Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Zacks Research lowered shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wedbush reiterated an “outperform” rating and set a $21.00 price objective on shares of DoubleDown Interactive in a research note on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of DoubleDown Interactive in a research note on Wednesday, October 8th. Finally, Loop Capital set a $16.00 target price on shares of DoubleDown Interactive in a report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.60.

DoubleDown Interactive Stock Performance

Shares of DDI stock traded up $0.31 on Monday, hitting $8.90. The stock had a trading volume of 27,017 shares, compared to its average volume of 50,782. The stock’s 50 day moving average is $8.95 and its 200-day moving average is $9.25. The firm has a market capitalization of $440.75 million, a price-to-earnings ratio of 3.87 and a beta of 0.84. DoubleDown Interactive has a 52-week low of $8.09 and a 52-week high of $11.41.

DoubleDown Interactive (NASDAQ:DDI) last released its quarterly earnings results on Monday, November 10th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. The business had revenue of $95.85 million for the quarter, compared to analysts’ expectations of $94.28 million. DoubleDown Interactive had a return on equity of 12.92% and a net margin of 32.94%. Equities analysts expect that DoubleDown Interactive will post 2.28 earnings per share for the current year.

DoubleDown Interactive Company Profile

DoubleDown Interactive (NASDAQ: DDI) is a digital entertainment company that specializes in the development and publishing of social casino games. The company’s portfolio centers around free-to-play titles that emulate the experience of land-based casino games such as slots, video poker, bingo and table games. By blending high-quality graphics, engaging gameplay features and real-time social mechanics, DoubleDown Interactive aims to deliver a virtual casino environment accessible via web, mobile and social media platforms.

The company’s flagship offering, DoubleDown Casino, serves as a hub for multiple slot and table-style games, enabling millions of registered players to compete in tournaments, unlock new machines and purchase virtual coins through in-app transactions.