DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Short Interest Update

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 95,600 shares, a decline of 9.5% from the November 15th total of 105,600 shares. Based on an average daily volume of 52,800 shares, the days-to-cover ratio is currently 1.8 days.

DoubleDown Interactive Stock Down 2.7 %

DDI traded down $0.31 on Tuesday, hitting $11.12. The company had a trading volume of 26,742 shares, compared to its average volume of 37,893. The stock has a market capitalization of $551.03 million, a price-to-earnings ratio of 4.93 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25. The stock has a fifty day moving average price of $14.26 and a 200-day moving average price of $13.45. DoubleDown Interactive has a 12-month low of $7.16 and a 12-month high of $18.21.

DoubleDown Interactive (NASDAQ:DDI) last released its quarterly earnings results on Monday, November 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.04). DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. The firm had revenue of $82.98 million during the quarter, compared to analysts’ expectations of $83.49 million. During the same period in the prior year, the firm posted $0.54 earnings per share. Analysts predict that DoubleDown Interactive will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DDI. Wedbush boosted their price objective on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Northland Securities increased their price objective on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th.

Institutional Trading of DoubleDown Interactive

A hedge fund recently bought a new stake in DoubleDown Interactive stock. Sanctuary Advisors LLC acquired a new position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 122,800 shares of the company’s stock, valued at approximately $2,026,000. Sanctuary Advisors LLC owned about 0.25% of DoubleDown Interactive as of its most recent SEC filing.

About DoubleDown Interactive

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.