So in reality DDI has a 2% institutional ownership. DDI is 11% owned by institutions, of which, about 8% is owned by Riley B. This makes DDI nearly uninvestable to most large money movers who usually influence the majority of stock moves in the market. As of 6/17/22, the avg volume traded on DDI is 8.68k or about $90k worth. DDI has a mkt cap of $485M and IPO'd at about $1B. There are multiple layers as to why DDI has been sold off so consistently over the last year. The price action has looked like death since the IPO. DDI is developing other games in the action and puzzle genres but the vast majority of the business is centered around the casino apps.ĭDI has it's IPO in September of 2021 and has since fallen 38%. DDI operates a variety of casino slot games though a consolidated app portfolio to keep engagement tight and to streamline new games through a small number of apps. ( I am aware there is a cryptocurrency joke in there.). The chips that players buy are entirely worthless and are a virtual currency.
However, unlike normal casinos, DDI does not payout any actual money. DDI is a online casino game app that offers in app purchases for chips and pays out in chips.
