DarkIris Inc. (NASDAQ:DKI) Short Interest Down 80.2% in August

DarkIris Inc. (NASDAQ:DKI) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 13,653 shares, a decline of 80.2% from the August 15th total of 68,953 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 52,042 shares, the short-interest ratio is presently 0.3 days.

DarkIris Stock Up 7.7%

DarkIris stock traded up $0.19 during trading hours on Friday, hitting $2.66. The company had a trading volume of 101,052 shares, compared to its average volume of 48,750. The firm has a 50-day moving average of $4.00 and a 200 day moving average of $5.47. DarkIris has a one year low of $2.32 and a one year high of $188.80.

DarkIris (NASDAQ:DKI) last posted its earnings results on Thursday, August 13th. The company reported ($0.76) EPS for the quarter. The firm had revenue of $2.96 million during the quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of DarkIris in a research report on Wednesday, July 29th. Wall Street Zen upgraded DarkIris to a “sell” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DarkIris has an average rating of “Sell”.

Institutional Investors Weigh In On DarkIris

A hedge fund recently raised its position in DarkIris stock. Renaissance Technologies LLC grew its holdings in DarkIris Inc. (NASDAQ:DKI) by 145.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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.

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.