DarkIris Inc. (NASDAQ:DKI) Short Interest Update

DarkIris Inc. (NASDAQ:DKI) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 24,172 shares, a decline of 43.3% from the June 15th total of 42,605 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 24,023 shares, the short-interest ratio is presently 1.0 days.

DarkIris Trading Down 0.9%

DKI stock traded down $0.04 during mid-day trading on Thursday, hitting $4.95. 27,189 shares of the company were exchanged, compared to its average volume of 314,044. The business has a 50 day simple moving average of $5.40 and a 200-day simple moving average of $6.38. DarkIris has a 1-year low of $3.96 and a 1-year high of $240.00.

Insider Activity

In other news, CEO Zhifang Hong bought 89,285 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of $5.60 per share, with a total value of $499,996.00. Following the acquisition, the chief executive officer owned 429,885 shares in the company, valued at $2,407,356. This trade represents a 26.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of DarkIris

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DKI shares. Wall Street Zen upgraded DarkIris to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded DarkIris from a “sell (e)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently 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.