DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Short Interest Down 5.8% in April

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 37,500 shares, a drop of 5.8% from the March 31st total of 39,800 shares. Based on an average daily trading volume, of 36,000 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of DoubleDown Interactive

A number of institutional investors and hedge funds have recently modified their holdings of DDI. B. Riley Financial Inc. boosted its stake in shares of DoubleDown Interactive by 2.4% in the 4th quarter. B. Riley Financial Inc. now owns 4,141,616 shares of the company’s stock worth $30,441,000 after buying an additional 96,740 shares during the last quarter. Arbor Capital Management Inc. ADV purchased a new position in shares of DoubleDown Interactive in the 4th quarter worth $514,000. Finally, First Trust Direct Indexing L.P. purchased a new position in shares of DoubleDown Interactive in the 4th quarter worth $82,000.

DoubleDown Interactive Trading Up 2.2 %

DoubleDown Interactive stock opened at $10.51 on Thursday. The firm has a market cap of $520.77 million, a price-to-earnings ratio of 5.20 and a beta of 0.71. The stock has a fifty day simple moving average of $11.71 and a two-hundred day simple moving average of $9.81. DoubleDown Interactive has a 12 month low of $6.95 and a 12 month high of $15.96.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Tuesday, February 13th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $83.10 million during the quarter, compared to analyst estimates of $76.42 million. DoubleDown Interactive had a return on equity of 14.62% and a net margin of 32.51%. On average, equities research analysts forecast that DoubleDown Interactive will post 2.04 EPS for the current fiscal year.

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.