Direct Digital Holdings, Inc. (NASDAQ:DRCT) Short Interest Up 6.0% in September

Direct Digital Holdings, Inc. (NASDAQ:DRCT) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 58,700 shares, an increase of 6.0% from the August 31st total of 55,400 shares. Based on an average trading volume of 98,500 shares, the short-interest ratio is presently 0.6 days. Approximately 2.0% of the shares of the stock are short sold.

Direct Digital Trading Down 10.0 %

Shares of DRCT stock traded down $0.21 during trading hours on Tuesday, hitting $1.90. The company’s stock had a trading volume of 62,518 shares, compared to its average volume of 244,976. Direct Digital has a twelve month low of $1.90 and a twelve month high of $35.88. The stock has a market cap of $27.11 million, a price-to-earnings ratio of 13.93 and a beta of 7.59. The business has a fifty day moving average of $3.05 and a 200-day moving average of $6.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direct Digital stock. Privium Fund Management UK Ltd acquired a new position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned about 0.15% of Direct Digital as of its most recent SEC filing. Institutional investors and hedge funds own 4.02% of the company’s stock.

Direct Digital Company Profile

Direct Digital Holdings, Inc operates as an end-to-end full-service programmatic advertising platform. The company's platform primarily focuses on providing advertising technology, data-driven campaign optimization, and other solutions to underserved and less efficient markets on both the buy- and sell-side of the digital advertising ecosystem.