DarkIris Inc. (NASDAQ:DKI) Sees Significant Increase in Short Interest

DarkIris Inc. (NASDAQ:DKI) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,715,503 shares, an increase of 3,679.0% from the September 30th total of 45,396 shares. Based on an average daily volume of 45,211,423 shares, the short-interest ratio is presently 0.0 days. Currently, 5,718.3% of the shares of the company are short sold.

Institutional Trading of DarkIris

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

Analyst Ratings Changes

Separately, Weiss Ratings lowered DarkIris from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, DarkIris has an average rating of “Sell”.

DarkIris Trading Up 3.8%

DarkIris stock traded up $0.07 during midday trading on Wednesday, reaching $1.92. The company had a trading volume of 865,184 shares, compared to its average volume of 103,761. DarkIris has a 12-month low of $1.65 and a 12-month high of $968.00. The firm’s fifty day simple moving average is $103.30 and its 200-day simple moving average is $254.91.

DarkIris (NASDAQ:DKI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($37.75) earnings per share for the quarter. The company had revenue of $2.96 million during the 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.