DarkIris Inc. (NASDAQ:DKI) Short Interest Down 43.3% in June

DarkIris Inc. (NASDAQ:DKI) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 24,172 shares, a decrease of 43.3% from the June 15th total of 42,605 shares. Based on an average trading volume of 24,023 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.9% of the shares of the stock are short sold.

DarkIris Stock Performance

NASDAQ:DKI traded up $0.03 on Friday, hitting $4.97. 1,569 shares of the stock were exchanged, compared to its average volume of 12,992. DarkIris has a 52 week low of $3.96 and a 52 week high of $240.00. The company’s 50-day moving average price is $5.37 and its 200 day moving average price is $6.36.

Analyst Ratings Changes

DKI has been the subject of a number of research reports. Wall Street Zen raised shares of DarkIris to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings raised DarkIris from a “sell (e)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Insider Buying and Selling

In related news, CEO Zhifang Hong acquired 89,285 shares of the stock in a transaction on Friday, April 24th. The stock was purchased at an average price of $5.60 per share, for a total transaction of $499,996.00. Following the transaction, the chief executive officer owned 429,885 shares of the company’s stock, valued at $2,407,356. The trade was a 26.21% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On DarkIris

A hedge fund recently bought a new stake in DarkIris stock. Scientech Research LLC bought a new position in shares of DarkIris Inc. (NASDAQ:DKI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned 0.19% of DarkIris as of its most recent filing with the Securities and Exchange Commission.

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.