Direct Digital Holdings, Inc. (NASDAQ:DRCT) Stock Short Interest Report for September

Direct Digital Holdings, Inc. (NASDAQ:DRCT) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,769 shares, a decrease of 97.9% from the September 15th total of 133,240 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 22,093 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Direct Digital in a report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Direct Digital currently has an average rating of “Sell”.

Direct Digital Stock Performance

Direct Digital stock opened at $0.41 on Friday. The company has a market capitalization of $325,215.00, a P/E ratio of -0.00 and a beta of 5.33. Direct Digital has a fifty-two week low of $0.40 and a fifty-two week high of $92.40. The stock has a 50-day simple moving average of $1.94 and a 200-day simple moving average of $2.64.

Direct Digital (NASDAQ:DRCT) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($5.78) EPS for the quarter, beating the consensus estimate of ($9.60) by $3.82. The business had revenue of $7.83 million during the quarter, compared to analysts’ expectations of $8.84 million. As a group, analysts forecast that Direct Digital will post -18.97 earnings per share for the current year.

Direct Digital Company Profile

Direct Digital Holdings, Inc is a digital advertising technology company that provides programmatic advertising solutions for advertisers, agencies and publishers. The company’s platform is designed to help businesses plan, purchase, optimize and measure digital advertising campaigns across multiple channels and formats.

Direct Digital operates through two primary businesses. Huddled Masses is its buy-side platform, providing advertisers and agencies with access to programmatic media buying, campaign management, audience targeting and performance measurement.