DarkIris Inc. (NASDAQ:DKI) Shares Shorted: Short Interest Down 91.1% in October

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

DarkIris Stock Up 9.4%

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

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

Institutional Trading of DarkIris

A hedge fund recently raised its stake in DarkIris stock. Renaissance Technologies LLC boosted its stake in DarkIris Inc. (NASDAQ:DKI) by 145.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,942 shares of the company’s stock after acquiring an additional 74,110 shares during the period. Renaissance Technologies LLC owned 9.92% of DarkIris worth $37,000 as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DKI shares. Weiss Ratings upgraded shares of DarkIris from a “sell (e+)” rating to a “sell (d-)” rating in a research 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 research analyst has rated the stock with a Sell rating. According to 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.