DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 69,800 shares, a decrease of 15.2% from the March 31st total of 82,300 shares. Currently, 0.1% of the company's stock are short sold. Based on an average trading volume of 31,100 shares, the days-to-cover ratio is presently 2.2 days.
Institutional Investors Weigh In On DoubleDown Interactive
Institutional investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in shares of DoubleDown Interactive in the fourth quarter valued at approximately $76,000. JPMorgan Chase & Co. purchased a new stake in DoubleDown Interactive in the third quarter valued at approximately $81,000. Trexquant Investment LP purchased a new position in shares of DoubleDown Interactive in the 4th quarter worth $106,000. BNP Paribas Financial Markets purchased a new stake in shares of DoubleDown Interactive during the 4th quarter worth about $111,000. Finally, Raymond James Financial Inc. purchased a new position in shares of DoubleDown Interactive in the 4th quarter valued at $153,000.
Analyst Ratings Changes
DDI has been the subject of several recent analyst reports. B. Riley initiated coverage on DoubleDown Interactive in a research note on Tuesday, February 25th. They set a "buy" rating and a $23.00 target price for the company. Northland Securities reduced their price target on shares of DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Finally, Wedbush reiterated an "outperform" rating and issued a $21.00 target price on shares of DoubleDown Interactive in a research note on Wednesday, February 12th.
View Our Latest Stock Analysis on DoubleDown Interactive
DoubleDown Interactive Stock Performance
NASDAQ:DDI traded up $0.81 during mid-day trading on Thursday, reaching $10.69. The stock had a trading volume of 26,818 shares, compared to its average volume of 38,039. The business has a 50 day simple moving average of $9.78 and a 200 day simple moving average of $11.25. DoubleDown Interactive has a twelve month low of $8.88 and a twelve month high of $18.21. The firm has a market capitalization of $529.72 million, a price-to-earnings ratio of 4.26 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.25 and a current ratio of 19.38.
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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