DarkIris Inc. (NASDAQ:DKI) Stock Short Interest Jumps 3,679.0%

DarkIris Inc. (NASDAQ:DKI) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,715,503 shares, an increase of 3,679.0% from the September 30th total of 45,396 shares. Based on an average daily trading volume, of 45,211,423 shares, the short-interest ratio is presently 0.0 days. Approximately 5,718.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of DarkIris from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On DarkIris

A hedge fund 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 first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,942 shares of the company’s stock after buying an additional 74,110 shares during the quarter. Renaissance Technologies LLC owned 9.92% of DarkIris worth $37,000 as of its most recent SEC filing.

DarkIris Stock Performance

DarkIris stock traded down $0.22 during mid-day trading on Monday, hitting $1.94. 237,564 shares of the company’s stock were exchanged, compared to its average volume of 99,753. The company’s 50 day simple moving average is $111.37 and its 200-day simple moving average is $257.94. DarkIris has a fifty-two week low of $1.81 and a fifty-two week high of $968.00.

DarkIris (NASDAQ:DKI) last released its quarterly earnings results on Thursday, August 13th. The company reported ($37.75) EPS for the quarter. The firm had revenue of $2.96 million during the 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.