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

DarkIris Inc. (NASDAQ:DKI) was the recipient 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 daily volume of 1,175,806 shares, the short-interest ratio is currently 0.1 days. Approximately 5.5% of the company’s stock are short sold.

Institutional Investors Weigh In On DarkIris

A hedge fund recently raised its position in DarkIris stock. Renaissance Technologies LLC raised its holdings in shares of DarkIris Inc. (NASDAQ:DKI) by 145.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,942 shares of the company’s stock after purchasing an additional 74,110 shares during the period. Renaissance Technologies LLC owned 9.92% of DarkIris worth $37,000 at the end of the most recent quarter.

DarkIris Trading Down 3.5%

Shares of DarkIris stock opened at $3.57 on Friday. The company has a 50-day simple moving average of $4.38 and a two-hundred day simple moving average of $5.78. DarkIris has a one year low of $3.50 and a one year high of $188.80.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DKI shares. Wall Street Zen raised shares of DarkIris to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DarkIris in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DarkIris presently 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.