DarkIris Inc. (NASDAQ:DKI) Short Interest Update

DarkIris Inc. (NASDAQ:DKI) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 44,839 shares, a decrease of 95.9% from the April 30th total of 1,086,484 shares. Based on an average trading volume of 44,191 shares, the days-to-cover ratio is currently 1.0 days. Approximately 3.6% of the company’s shares are short sold.

Insider Buying and Selling at DarkIris

In other news, CEO Zhifang Hong bought 89,285 shares of the stock in a transaction dated Friday, April 24th. The stock was purchased at an average price of $5.60 per share, for a total transaction of $499,996.00. Following the acquisition, the chief executive officer owned 429,885 shares of the company’s stock, valued at $2,407,356. The trade was a 26.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of DarkIris

An institutional investor recently bought a new position in DarkIris stock. Scientech Research LLC purchased a new position in DarkIris Inc. (NASDAQ:DKI) during the third quarter, according to its most recent 13F 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 about 0.19% of DarkIris at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of DarkIris from a “sell (e)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

DarkIris Stock Performance

DKI opened at $5.54 on Thursday. The business has a fifty day moving average of $6.61 and a 200 day moving average of $6.75. DarkIris has a 52-week low of $4.51 and a 52-week high of $240.00.

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.