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

DarkIris Inc. (NASDAQ:DKI) was the target of a significant decrease in short interest in 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 short-interest ratio is presently 1.0 days. Currently, 3.6% of the shares of the company are short sold.

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 equities 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 Down 7.1%

DKI traded down $0.45 on Friday, hitting $5.90. 221,358 shares of the stock were exchanged, compared to its average volume of 85,274. DarkIris has a 12 month low of $4.51 and a 12 month high of $240.00. The business has a 50-day moving average of $6.61 and a two-hundred day moving average of $6.73.

Insider Activity at DarkIris

In other DarkIris news, CEO Zhifang Hong purchased 89,285 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average cost of $5.60 per share, for a total transaction of $499,996.00. Following the completion of the purchase, the chief executive officer owned 429,885 shares of the company’s stock, valued at approximately $2,407,356. The trade was a 26.21% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On DarkIris

An institutional investor recently raised its position in DarkIris stock. Renaissance Technologies LLC increased its position in shares of DarkIris Inc. (NASDAQ:DKI) by 145.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,942 shares of the company’s stock after purchasing an additional 74,110 shares during the quarter. Renaissance Technologies LLC owned 9.92% of DarkIris worth $37,000 at the end of the most recent reporting period.

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.