DarkIris Inc. (NASDAQ:DKI) Sees Large Drop in Short Interest

DarkIris Inc. (NASDAQ:DKI) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 13,653 shares, a decline of 80.2% from the August 15th total of 68,953 shares. Based on an average trading volume of 52,042 shares, the short-interest ratio is presently 0.3 days. Approximately 1.1% of the shares of the stock are short sold.

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 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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.

DarkIris Trading Up 7.7%

DKI traded up $0.19 during midday trading on Friday, hitting $2.66. The company had a trading volume of 101,052 shares, compared to its average volume of 48,750. DarkIris has a twelve month low of $2.32 and a twelve month high of $188.80. The firm’s 50-day simple moving average is $4.00 and its 200-day simple moving average is $5.47.

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

Wall Street Analyst Weigh In

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

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.