DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Short Interest Down 66.2% in December

DoubleDown Interactive Co., Ltd. (NASDAQ:DDIGet Rating) saw a large decline in short interest in the month of December. As of December 30th, there was short interest totalling 2,500 shares, a decline of 66.2% from the December 15th total of 7,400 shares. Based on an average trading volume of 13,400 shares, the short-interest ratio is presently 0.2 days.

DoubleDown Interactive Stock Performance

Shares of DDI stock opened at $10.32 on Wednesday. The firm has a market capitalization of $511.39 million, a PE ratio of -22.93 and a beta of 0.43. The firm has a fifty day simple moving average of $9.12 and a two-hundred day simple moving average of $9.47. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.04. DoubleDown Interactive has a 12 month low of $8.00 and a 12 month high of $15.25.

DoubleDown Interactive (NASDAQ:DDIGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The business had revenue of $78.80 million during the quarter, compared to analyst estimates of $79.13 million. DoubleDown Interactive had a negative net margin of 6.65% and a positive return on equity of 2.55%. Analysts forecast that DoubleDown Interactive will post -5.01 EPS for the current fiscal year.

Institutional Trading of DoubleDown Interactive

An institutional investor recently bought a new position in DoubleDown Interactive stock. Millennium Management LLC bought a new position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDIGet Rating) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 15,108 shares of the company’s stock, valued at approximately $149,000. 9.70% of the stock is owned by institutional investors.

DoubleDown Interactive Company Profile

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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 Undead World: Hero Survival games. Its games are primarily distributed, marketed, and promoted through third party platform providers.

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