Negative sentiment towards DKNG reflected by a jump of 8.47% in short interest

Samantha Gray

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. DraftKings Inc shares valued at $246,146 were sold by Ellingson Alan Wayne on Nov 14 ’25. At $29.23 per share, Ellingson Alan Wayne sold 8,421 shares. The insider’s holdings dropped to 126,990 shares worth approximately $3.69 million following the completion of this transaction.

Also, Ellingson Alan Wayne purchased 8,421 shares, netting a total of over 246,146 in proceeds.

Before that, SLOAN HARRY had added 25,000 shares to its account. In a trade valued at $757,500, the Director bought DraftKings Inc shares for $30.30 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $7.25 million.

As published in their initiating research note from Wells Fargo on November 18, 2025, DraftKings Inc [DKNG] has been an Equal weight and the price target has been revised to $31. Analysts at Northland Capital upgraded the stock from ‘”an Under perform”‘ to ‘”a Market perform”‘ outlook in a report released in early November. As of November 04, 2025, BofA Securities has decreased its “Buy” rating to a “Neutral” for DKNG. Earlier on October 09, 2025, Berenberg upgraded its rating. Their new recommendation was “a Buy” for DKNG stock which previously was a “a Hold”.

Analyzing DKNG Stock Performance

On last trading session, DraftKings Inc [NASDAQ: DKNG] plunged -1.19% to $29.02. The stock’s lowest price that day was $28.84, but it reached a high of $29.665 in the same session. During the last five days, there has been a drop of approximately -7.90%. Over the course of the year, DraftKings Inc shares have dropped approximately -27.16%. Shares of the company reached a 52-week high of $53.61 on 02/14/25 and a 52-week low of $26.23 on 11/07/25.

Support And Resistance Levels for DraftKings Inc (DKNG)

According to the 24-hour chart, there is a support level at 28.68, which, if violated, would cause prices to drop to 28.35. In the upper region, resistance lies at 29.51. The next price resistance is at 30.00. RSI (Relative Strength Index) is 36.84 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 2025-10-31 jumping by 2.89 million shares to 34.15 million. Data from Yahoo Finance shows that the short interest on 2025-09-30 was 31.26 million shares. A jump of 8.47% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.6 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.6.

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 51 in the next 12 months, up nearly 73.65% from the previous closing price of $29.37. Analysts anticipate DraftKings Inc stock to reach 63 by 2025, with the lowest price target being 30. In spite of this, 37 analysts ranked DraftKings Inc stock as Buy at the end of 2025. On October 07, 2025, Mizuho assigned a price target of “an Outperform” to the stock and reiterated coverage with a $54.

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