DarkIris Inc. (NASDAQ:DKI) Short Interest Update

DarkIris Inc. (NASDAQ:DKI) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 68,953 shares, a growth of 283.6% from the July 30th total of 17,973 shares. Based on an average trading volume of 1,175,806 shares, the short-interest ratio is currently 0.1 days. Currently, 5.5% of the company’s stock are sold short.

DarkIris Price Performance

Shares of DKI stock opened at $4.07 on Thursday. The stock’s 50-day simple moving average is $4.44 and its 200-day simple moving average is $5.84. DarkIris has a fifty-two week low of $3.50 and a fifty-two week high of $188.80.

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

Analysts Set New Price Targets

Several research firms have weighed in on DKI. Wall Street Zen raised shares of DarkIris to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of DarkIris in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On DarkIris

A hedge fund recently bought a new stake in DarkIris stock. Scientech Research LLC acquired a new stake in shares of DarkIris Inc. (NASDAQ:DKI) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned 0.19% of DarkIris at the end of the most recent 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.