DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 95,600 shares, a decline of 9.5% from the November 15th total of 105,600 shares. Based on an average daily volume of 52,800 shares, the short-interest ratio is presently 1.8 days.
Analysts Set New Price Targets
A number of equities analysts have issued reports on DDI shares. Northland Securities increased their price objective on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Wedbush upped their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th.
View Our Latest Analysis on DoubleDown Interactive
DoubleDown Interactive Stock Performance
NASDAQ DDI traded down $0.88 during trading hours on Friday, hitting $11.26. The company's stock had a trading volume of 214,375 shares, compared to its average volume of 37,914. The company has a debt-to-equity ratio of 0.05, a current ratio of 21.25 and a quick ratio of 21.25. The company has a market cap of $557.97 million, a P/E ratio of 4.90 and a beta of 0.87. The company's 50 day simple moving average is $14.34 and its two-hundred day simple moving average is $13.46. DoubleDown Interactive has a 12 month low of $7.16 and a 12 month high of $18.21.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.04). The company had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. During the same period last year, the firm posted $0.54 EPS. As a group, sell-side analysts expect that DoubleDown Interactive will post 2.38 EPS for the current fiscal year.
Institutional Trading of DoubleDown Interactive
A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC lifted its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 81.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,500 shares of the company's stock after buying an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of DoubleDown Interactive worth $529,000 as of its most recent filing with the Securities & Exchange Commission.
About DoubleDown Interactive
(
Get Free Report)
DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.
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