DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Short Interest Down 15.2% in April

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) was the target of a large decrease in short interest in the month of 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 31,100 shares, the short-interest ratio is presently 2.2 days.

DoubleDown Interactive Stock Performance

Shares of NASDAQ:DDI traded up $0.28 on Monday, hitting $10.00. 120,714 shares of the company were exchanged, compared to its average volume of 37,939. The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.25 and a current ratio of 19.38. The company's 50 day moving average price is $9.79 and its two-hundred day moving average price is $11.27. DoubleDown Interactive has a one year low of $8.88 and a one year high of $18.21. The firm has a market capitalization of $495.53 million, a price-to-earnings ratio of 3.98 and a beta of 0.89.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Northland Securities cut their target price 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. Wedbush restated an "outperform" rating and set a $21.00 target price on shares of DoubleDown Interactive in a research note on Wednesday, February 12th. Finally, B. Riley initiated coverage on DoubleDown Interactive in a research report on Tuesday, February 25th. They issued a "buy" rating and a $23.00 price target on the stock.

Hedge Funds Weigh In On DoubleDown Interactive

Large investors have recently added to or reduced their stakes in the company. B. Riley Financial Inc. increased its position in shares of DoubleDown Interactive by 3.8% during the fourth quarter. B. Riley Financial Inc. now owns 4,186,412 shares of the company's stock valued at $43,706,000 after purchasing an additional 154,087 shares during the period. Walleye Capital LLC acquired a new stake in DoubleDown Interactive during the fourth quarter worth $588,000. Ameriprise Financial Inc. increased its holdings in DoubleDown Interactive by 10.3% in the 4th quarter. Ameriprise Financial Inc. now owns 517,341 shares of the company's stock valued at $5,401,000 after buying an additional 48,244 shares during the period. Boston Partners acquired a new position in shares of DoubleDown Interactive in the 4th quarter valued at $354,000. Finally, Marshall Wace LLP lifted its holdings in shares of DoubleDown Interactive by 129.3% during the 4th quarter. Marshall Wace LLP now owns 47,420 shares of the company's stock worth $495,000 after acquiring an additional 26,743 shares during the period.

About DoubleDown Interactive

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.