DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Short Interest Down 9.5% in November

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 95,600 shares, a decrease of 9.5% from the November 15th total of 105,600 shares. Based on an average daily volume of 52,800 shares, the days-to-cover ratio is presently 1.8 days.

DoubleDown Interactive Price Performance

NASDAQ:DDI traded down $0.24 during mid-day trading on Tuesday, reaching $11.19. The stock had a trading volume of 21,192 shares, compared to its average volume of 37,863. The stock has a market capitalization of $554.50 million, a P/E ratio of 4.93 and a beta of 0.87. The firm has a 50 day moving average price of $14.26 and a two-hundred day moving average price of $13.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25. DoubleDown Interactive has a one year low of $7.16 and a one year high of $18.21.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.04). The business had revenue of $82.98 million for the quarter, compared to analysts’ expectations of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. During the same quarter in the previous year, the company earned $0.54 earnings per share. As a group, analysts expect that DoubleDown Interactive will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Northland Securities upped their price target on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wedbush lifted their price target on DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC raised its stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,500 shares of the company’s stock after purchasing an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent reporting 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.