Short Interest in DarkIris Inc. (NASDAQ:DKI) Declines By 35.7%

DarkIris Inc. (NASDAQ:DKI) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 46,472 shares, a drop of 35.7% from the December 31st total of 72,323 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 138,955 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 138,955 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On DarkIris

An institutional investor recently bought a new position in DarkIris stock. Scientech Research LLC purchased a new position in DarkIris Inc. (NASDAQ:DKI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period.

DarkIris Price Performance

Shares of NASDAQ:DKI traded down $0.03 on Friday, hitting $0.33. 52,821,625 shares of the company traded hands, compared to its average volume of 107,540. The business has a 50 day moving average price of $0.39. DarkIris has a 52 week low of $0.30 and a 52 week high of $15.00.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of DarkIris in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently 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.