DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Sees Large Increase in Short Interest

DoubleDown Interactive Co., Ltd. (NASDAQ:DDIGet Rating) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,500 shares, a growth of 66.7% from the March 15th total of 2,100 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Shares of DoubleDown Interactive stock traded up $0.67 during trading on Friday, hitting $12.14. The company’s stock had a trading volume of 2,119 shares, compared to its average volume of 7,163. The company has a quick ratio of 13.01, a current ratio of 13.01 and a debt-to-equity ratio of 0.05. DoubleDown Interactive has a 52 week low of $11.30 and a 52 week high of $18.50. The company has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $14.53.

DoubleDown Interactive (NASDAQ:DDIGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $86.30 million for the quarter, compared to analyst estimates of $87.49 million. As a group, sell-side analysts anticipate that DoubleDown Interactive will post 1.65 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in DDI. UBS Group AG bought a new stake in DoubleDown Interactive during the 3rd quarter valued at about $34,000. Marshall Wace LLP bought a new stake in DoubleDown Interactive during the 4th quarter valued at about $196,000. Citigroup Inc. bought a new stake in DoubleDown Interactive during the 4th quarter valued at about $251,000. CSS LLC IL purchased a new stake in shares of DoubleDown Interactive during the 3rd quarter valued at about $268,000. Finally, Precept Management LLC purchased a new stake in shares of DoubleDown Interactive during the 3rd quarter valued at about $652,000. Institutional investors and hedge funds own 10.43% of the company’s stock.

Separately, Zacks Investment Research lowered shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 11th.

DoubleDown Interactive Company Profile (Get Rating)

DoubleDown Interactive Co, Ltd. engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Ellen's Road to Riches games. Its games are primarily distributed, marketed, and promoted through third party platform providers.

Recommended Stories

Receive News & Ratings for DoubleDown Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleDown Interactive and related companies with MarketBeat.com's FREE daily email newsletter.