DraftKings Trading Volume Drops 47% But Stock Ranks 280th in Volume

On June 23, 2025, DraftKings (DKNG) saw a trading volume of $300 million, marking a 47.29% decrease from the previous day. The stock ranked 280th in terms of trading volume for the day. DraftKings' stock price increased by 2.38%, marking its fifth consecutive day of gains and a 13.63% increase over the past five days.

Analysts have provided a range of price targets for DraftKings, with an average target of $54.95 over the next 12 months. The highest estimate is $65.00, while the lowest is $48.00. These targets reflect the analysts' expectations for the company's future performance.

DraftKings' short interest has increased by 8.58% since its last report, with 26.98 million shares sold short, representing 5.57% of the total float. This increase in short interest could indicate a more bearish sentiment among investors, but it does not necessarily mean the stock will decline in the near term.

Despite the increase in short interest, DraftKings' peer group average for short interest as a percentage of float is 8.02%, suggesting that the company has less short interest relative to its peers. This comparison can provide insights into how DraftKings is performing relative to other companies in its industry.