Short Interest in DarkIris Inc. (NASDAQ:DKI) Rises By 734.2%

DarkIris Inc. (NASDAQ:DKI) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 277,968 shares, a growth of 734.2% from the February 12th total of 33,320 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 907,918 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 907,918 shares, the short-interest ratio is currently 0.3 days. Approximately 1.4% of the shares of the stock are sold short.

DarkIris Stock Down 5.7%

Shares of DarkIris stock traded down $0.02 during midday trading on Thursday, reaching $0.41. 46,236 shares of the company’s stock traded hands, compared to its average volume of 6,090,672. DarkIris has a 52 week low of $0.30 and a 52 week high of $15.00. The company’s 50 day simple moving average is $0.44 and its 200 day simple moving average is $1.72.

DarkIris (NASDAQ:DKI) last issued its quarterly earnings results on Friday, January 30th. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $2.44 million during the quarter.

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 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.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of DarkIris in a research report on Thursday, January 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, DarkIris 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.