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

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) saw a large drop in short interest during the month of 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. Based on an average daily volume of 43,700 shares, the short-interest ratio is presently 1.7 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On DoubleDown Interactive

A number of institutional investors have recently made changes to their positions in DDI. Sanctuary Advisors LLC bought a new stake in shares of DoubleDown Interactive in the 3rd quarter valued at about $2,026,000. JPMorgan Chase & Co. acquired a new position in shares of DoubleDown Interactive in the 3rd quarter valued at about $81,000. Heck Capital Advisors LLC acquired a new position in shares of DoubleDown Interactive in the 4th quarter valued at about $76,000. Raymond James Financial Inc. acquired a new position in shares of DoubleDown Interactive in the 4th quarter valued at about $153,000. Finally, Boston Partners acquired a new position in shares of DoubleDown Interactive in the 4th quarter valued at about $354,000.

DoubleDown Interactive Trading Up 4.8 %

Shares of NASDAQ DDI traded up $0.46 during trading on Monday, reaching $10.11. The company had a trading volume of 10,725 shares, compared to its average volume of 38,111. The company’s fifty day moving average price is $10.18 and its 200-day moving average price is $12.45. DoubleDown Interactive has a 12 month low of $8.56 and a 12 month high of $18.21. The stock has a market cap of $500.98 million, a P/E ratio of 4.03 and a beta of 0.92. The company has a quick ratio of 21.25, a current ratio of 19.38 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Northland Securities reduced their price objective on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Wedbush restated an “outperform” rating and set a $21.00 price objective on shares of DoubleDown Interactive in a research report on Wednesday, February 12th. Finally, B. Riley assumed coverage on DoubleDown Interactive in a research report on Tuesday, February 25th. They set a “buy” rating and a $23.00 price objective on the stock.

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.