DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Short Interest Down 28.9% in February

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DDI shares. B. Riley started coverage on DoubleDown Interactive in a research report on Tuesday, February 25th. They issued a “buy” rating and a $23.00 price objective for the company. Wedbush reissued an “outperform” rating and set a $21.00 price target on shares of DoubleDown Interactive in a report on Wednesday, February 12th. Finally, Northland Securities dropped their price target on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th.

DoubleDown Interactive Stock Performance

NASDAQ:DDI traded up $0.46 during mid-day trading on Monday, hitting $10.11. 10,725 shares of the stock were exchanged, compared to its average volume of 38,111. The stock has a market capitalization of $500.98 million, a price-to-earnings ratio of 4.03 and a beta of 0.92. The firm’s 50-day simple moving average is $10.18 and its 200 day simple moving average is $12.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.25 and a current ratio of 19.38. DoubleDown Interactive has a fifty-two week low of $8.56 and a fifty-two week high of $18.21.

Hedge Funds Weigh In On DoubleDown Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDI. Heck Capital Advisors LLC acquired a new position in DoubleDown Interactive in the 4th quarter valued at $76,000. JPMorgan Chase & Co. bought a new position in shares of DoubleDown Interactive in the 3rd quarter valued at $81,000. Trexquant Investment LP bought a new position in shares of DoubleDown Interactive in the 4th quarter valued at $106,000. BNP Paribas Financial Markets bought a new position in shares of DoubleDown Interactive in the 4th quarter valued at $111,000. Finally, Raymond James Financial Inc. bought a new position in shares of DoubleDown Interactive in the 4th quarter valued at $153,000.

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.