DoubleDown Interactive reports earnings above expectations, despite lowered short interest and declining stock price.

In September, DoubleDown Interactive (NASDAQ: DDI) saw a 7.7% decrease in short interest, totaling 108,400 shares. The company reported earnings of $0.67 per share, exceeding expectations, with revenues of $88.24 million. Analysts from B. Riley, Wedbush, and Northland Securities raised their price targets and issued positive ratings despite a 7% decline in stock price following the earnings report. The company has a market cap of $777.98 million.