DarkIris Inc. (NASDAQ:DKI) Short Interest Up 94.6% in December

DarkIris Inc. (NASDAQ:DKI) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 72,323 shares, an increase of 94.6% from the December 15th total of 37,159 shares. Based on an average daily trading volume, of 165,294 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 165,294 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On DarkIris

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

DarkIris Stock Performance

DKI stock traded up $0.02 during midday trading on Thursday, hitting $0.43. 39,453 shares of the stock traded hands, compared to its average volume of 126,637. DarkIris has a 1-year low of $0.30 and a 1-year high of $15.00. The company’s fifty day moving average is $0.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of DarkIris in a research note on Saturday, November 1st. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.