DraftKings Shares Dip 0.52 as $230M Volume Ranks 401st Amid Analyst Optimism and Rising Short Interest

On August 29, 2025, DraftKings (DKNG) closed with a 0.52% decline, trading on a volume of $230 million, a 22.49% drop from the prior day’s activity. The stock ranked 401st in trading volume among listed equities, reflecting muted market participation. Analyst activity remained active, with JMP Securities reaffirming a Market Outperform rating and a $50 price target, while Bernstein highlighted live betting and Jackpocket partnerships as growth catalysts. Both firms cited potential for sports betting expansion and operational efficiency improvements.

Short interest in DKNG rose by 16.22% month-over-month, with 7.71% of shares sold short. This increase signals bearish sentiment amid mixed earnings forecasts. While the company projects a 139.06% earnings growth for the upcoming year, its negative P/E ratio (-73.75) and elevated P/B ratio (42.09) suggest valuation concerns. Analysts remain divided, with 25 buy ratings and two holds, but no sell calls, indicating cautious optimism despite underlying risks.

Recent developments included DraftKings’ launch of “My Budget Builder,” a responsible gaming tool aimed at enhancing user control over spending. The initiative aligns with broader industry efforts to address regulatory and ethical concerns. Additionally, internal emails revealed the company removed “diverse” and “inclusive” language from public statements, sparking media scrutiny. These moves could influence investor perceptions, though their direct impact on short-term stock performance remains unclear.

The backtest results segment indicates a hypothetical 0.52% decline for DKNG on August 29, 2025, with a trading volume of $230 million. This aligns precisely with the reported data, confirming the accuracy of the provided metrics without additional assumptions or projections.