Sharp increase in DKNG’s short interest leads to surge in days-to-cover ratio

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DraftKings Inc shares valued at $4,594,766 were sold by Dodge R Stanton on Jul 18 ’25. At $43.53 per share, Dodge R Stanton sold 105,554 shares. The insider’s holdings dropped to 500,000 shares worth approximately $22.41 million following the completion of this transaction.

Also, Dodge R Stanton purchased 105,554 shares, netting a total of over 4,646,487 in proceeds.

Before that, Dodge R Stanton had sold 158,331 shares from its account. In a trade valued at $6,174,909, the Chief Legal Officer traded DraftKings Inc shares for $39.00 each. Upon closing the transaction, the insider’s holdings decreased to 158,331 shares, worth approximately $22.61 million.

As published in a research note from Citigroup on July 01, 2025, DraftKings Inc [DKNG] has been retained to a Buy and the price target has been revised to $58. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in late June. As of June 04, 2025, Bernstein has initiated its “an Outperform” rating for DKNG. Earlier on April 22, 2025, BTIG Research resumed its rating. Their recommendation was “a Buy” for DKNG stock.

Analyzing DKNG Stock Performance

On last trading session,, DraftKings Inc [NASDAQ: DKNG] rose 0.58% to $44.82. The stock’s lowest price that day was $44.255, but it reached a high of $45.0 in the same session. During the last five days, there has been a surge of approximately 3.37%. Over the course of the year, DraftKings Inc shares have jumped approximately 21.36%. Shares of the company reached a 52-week high of $53.61 on 02/14/25 and a 52-week low of $29.64 on 04/04/25.

Support And Resistance Levels for DraftKings Inc (DKNG)

According to the 24-hour chart, there is a support level at 44.38, which, if violated, would cause prices to drop to 43.95. In the upper region, resistance lies at 45.13. The next price resistance is at 45.44. RSI (Relative Strength Index) is 66.21 on the 14-day chart, showing neutral technical sentiment.

Is DraftKings Inc subject to short interest?

Stocks of DraftKings Inc saw a sharp rise in short interest on 2025-06-30 jumping by 2.14 million shares to 29.12 million. Data from Yahoo Finance shows that the short interest on 2025-05-30 was 26.98 million shares. A jump of 7.36% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.85 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.85.

Which companies own the most shares of DraftKings Inc (DKNG)?

In terms of DraftKings Inc share price expectations, FactSet research, analysts set an average price target of 58 in the next 12 months, up nearly 30.16% from the previous closing price of $44.56. Analysts anticipate DraftKings Inc stock to reach 65 by 2025, with the lowest price target being 46. In spite of this, 37 analysts ranked DraftKings Inc stock as Buy at the end of 2025. On January 08, 2025, Susquehanna assigned a price target of “a Positive” to the stock and reiterated coverage with a $54.

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