DarkIris Inc. (NASDAQ:DKI) Stock Short Interest Rises 254.0%

DarkIris Inc. (NASDAQ:DKI) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 48,330 shares, a growth of 254.0% from the August 31st total of 13,653 shares. Based on an average daily volume of 51,238 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.8% of the shares of the stock are short sold.

DarkIris Price Performance

Shares of DKI stock traded down $0.17 during mid-day trading on Friday, hitting $2.73. 94,432 shares of the company’s stock were exchanged, compared to its average volume of 64,161. DarkIris has a fifty-two week low of $2.32 and a fifty-two week high of $188.80. The stock has a 50-day simple moving average of $3.55 and a two-hundred day simple moving average of $5.17.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in DarkIris stock. Renaissance Technologies LLC increased its stake in DarkIris Inc. (NASDAQ:DKI) by 145.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,942 shares of the company’s stock after acquiring an additional 74,110 shares during the period. Renaissance Technologies LLC owned approximately 9.92% of DarkIris worth $37,000 as of its most recent SEC filing.

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.