DarkIris Inc. (NASDAQ:DKI) Short Interest Update

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

Analyst Ratings Changes

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 data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Insider Buying and Selling at DarkIris

In other news, CEO Zhifang Hong acquired 89,285 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was acquired at an average price of $5.60 per share, with a total value of $499,996.00. Following the completion of the transaction, the chief executive officer directly owned 429,885 shares in the company, valued at approximately $2,407,356. This represents a 26.21% increase in their position. The acquisition 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 Investors Weigh In On DarkIris

A hedge fund recently raised its stake in DarkIris stock. Renaissance Technologies LLC boosted its stake in DarkIris Inc. (NASDAQ:DKI) by 145.8% in the first quarter, according to the company in its most recent disclosure with the SEC. 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 about 9.92% of DarkIris worth $37,000 as of its most recent filing with the SEC.

DarkIris Price Performance

DarkIris stock traded up $0.13 during trading on Wednesday, reaching $6.26. The company had a trading volume of 33,173 shares, compared to its average volume of 67,587. DarkIris has a 12-month low of $4.51 and a 12-month high of $240.00. The stock’s 50 day moving average price is $6.61 and its two-hundred day moving average price is $6.75.

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.