DarkIris Inc.’s Lock-Up Period Will Expire on February 4th (NASDAQ:DKI)

DarkIris’ (NASDAQ:DKI) lock-up period will end on Wednesday, February 4th. DarkIris had issued 1,500,000 shares in its IPO on August 8th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on DarkIris in a research note on Saturday, November 1st. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

DarkIris Trading Down 2.0%

DKI stock opened at $0.38 on Wednesday. DarkIris has a 52 week low of $0.30 and a 52 week high of $15.00. The business’s 50-day moving average is $0.39.

Hedge Funds Weigh In On DarkIris

An institutional investor recently bought a new position in DarkIris stock. Scientech Research LLC acquired a new position in shares of DarkIris Inc. (NASDAQ:DKI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned about 0.19% of DarkIris as of its most recent filing with the Securities & Exchange Commission.

About DarkIris

DarkIris Inc is a holding company incorporated as an exempted company on May 31, 2024 under the laws of the Cayman Islands. We operate substantially all of our business through our subsidiaries in Hong Kong, namely Quantum Arts Co, Limited (“Quantum”) and Hongkong Stellar Wisdom Co, Limited (“Stellar”). Operated in Hong Kong, we are a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games via various third-party digital storefronts. Our activities encompass including game design, programming and graphics, as well as distribution and operation of mobile games on various platforms.