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

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 105,700 shares, a drop of 7.8% from the September 30th total of 114,700 shares. Based on an average trading volume of 39,500 shares, the short-interest ratio is presently 2.7 days.

DoubleDown Interactive Stock Down 4.1 %

Shares of DoubleDown Interactive stock traded down $0.58 on Thursday, hitting $13.57. The company had a trading volume of 19,673 shares, compared to its average volume of 32,829. The stock has a 50-day moving average of $14.27 and a 200-day moving average of $12.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 18.68 and a quick ratio of 18.68. DoubleDown Interactive has a twelve month low of $7.16 and a twelve month high of $16.75. The firm has a market capitalization of $672.43 million, a P/E ratio of 6.07 and a beta of 0.85.

DoubleDown Interactive (NASDAQ:DDI) last announced its earnings results on Monday, August 12th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.19. DoubleDown Interactive had a net margin of 34.85% and a return on equity of 15.62%. The firm had revenue of $88.24 million during the quarter, compared to analyst estimates of $83.87 million. During the same period in the prior year, the business earned $0.49 EPS. Research analysts predict that DoubleDown Interactive will post 2.35 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Northland Securities increased their target price on DoubleDown Interactive from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. B. Riley lifted their price objective on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Wedbush raised their price target on DoubleDown Interactive from $14.75 to $16.25 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC raised its holdings in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,500 shares of the company’s stock after buying an additional 18,200 shares during the period. Renaissance Technologies LLC owned 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent reporting period.

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.