DarkIris (NASDAQ:DKI) Shares Scheduled to Reverse Split on Monday, May 11th

Shares of DarkIris Inc. (NASDAQ:DKI) are scheduled to reverse split before the market opens on Monday, May 11th. The 1-16 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, May 10th.

DarkIris Price Performance

Shares of NASDAQ DKI traded down $0.06 during trading hours on Thursday, reaching $0.37. 769,786 shares of the stock were exchanged, compared to its average volume of 14,442,659. DarkIris has a 52 week low of $0.28 and a 52 week high of $15.00. The stock’s fifty day simple moving average is $0.43 and its 200 day simple moving average is $0.45.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded DarkIris from a “sell (e)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Insider Buying and Selling

In related news, CEO Zhifang Hong acquired 1,428,571 shares of the stock in a transaction on Friday, April 24th. The shares were purchased at an average price of $0.35 per share, for a total transaction of $499,999.85. Following the purchase, the chief executive officer directly owned 6,878,171 shares in the company, valued at approximately $2,407,359.85. The trade was a 26.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On DarkIris

A hedge fund recently bought a new stake in DarkIris stock. Scientech Research LLC bought a new stake in DarkIris Inc. (NASDAQ:DKI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned approximately 0.19% of DarkIris as of its most recent filing with the SEC.

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.