Short Interest in DarkIris Inc. (NASDAQ:DKI) Increases By 283.6%

DarkIris Inc. (NASDAQ:DKI) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 68,953 shares, an increase of 283.6% from the July 30th total of 17,973 shares. Based on an average trading volume of 1,175,806 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.5% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of DarkIris in a research note on Wednesday, July 29th. Wall Street Zen raised DarkIris to a “sell” rating in a research report on Saturday, June 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

DarkIris Price Performance

DKI stock traded down $0.08 during mid-day trading on Friday, hitting $3.62. 8,580 shares of the company were exchanged, compared to its average volume of 334,668. DarkIris has a twelve month low of $3.50 and a twelve month high of $188.80. The firm has a fifty day simple moving average of $4.42 and a 200 day simple moving average of $5.80.

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

Institutional Inflows and Outflows

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

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.