DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Short Interest Update

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 72,500 shares, a decrease of 28.9% from the February 13th total of 102,000 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 43,700 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analyst Weigh In

DDI has been the topic of a number of research reports. Wedbush reiterated an "outperform" rating and set a $21.00 price target on shares of DoubleDown Interactive in a research report on Wednesday, February 12th. B. Riley initiated coverage on DoubleDown Interactive in a research report on Tuesday, February 25th. They set a "buy" rating and a $23.00 price target on the stock. Finally, Northland Securities dropped their price target on DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th.

DoubleDown Interactive Stock Performance

DDI traded down $0.27 during trading hours on Thursday, hitting $9.81. The company's stock had a trading volume of 7,672 shares, compared to its average volume of 38,071. DoubleDown Interactive has a fifty-two week low of $8.56 and a fifty-two week high of $18.21. The company has a current ratio of 19.38, a quick ratio of 21.25 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $486.11 million, a PE ratio of 3.91 and a beta of 0.92. The company has a 50-day simple moving average of $10.13 and a 200 day simple moving average of $12.37.

Remove Ads

Institutional Trading of DoubleDown Interactive

Several large investors have recently added to or reduced their stakes in DDI. Sanctuary Advisors LLC acquired a new stake in DoubleDown Interactive in the 3rd quarter valued at approximately $2,026,000. JPMorgan Chase & Co. acquired a new stake in DoubleDown Interactive in the 3rd quarter valued at approximately $81,000. Heck Capital Advisors LLC acquired a new stake in DoubleDown Interactive in the 4th quarter valued at approximately $76,000. Raymond James Financial Inc. acquired a new stake in DoubleDown Interactive in the 4th quarter valued at approximately $153,000. Finally, Boston Partners acquired a new stake in DoubleDown Interactive in the 4th quarter valued at approximately $354,000.

DoubleDown Interactive Company Profile

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.