Direct Digital Holdings, Inc. (NASDAQ:DRCT) Sees Significant Drop in Short Interest

Direct Digital Holdings, Inc. (NASDAQ:DRCTGet Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 18,481 shares, a decline of 91.4% from the April 30th total of 215,086 shares. Based on an average daily volume of 164,314 shares, the short-interest ratio is currently 0.1 days. Approximately 3.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Direct Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

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Direct Digital Stock Down 3.7%

DRCT stock traded down $0.12 during midday trading on Thursday, hitting $3.05. The company’s stock had a trading volume of 20,306 shares, compared to its average volume of 524,529. The stock’s 50-day moving average price is $3.31 and its 200 day moving average price is $10.98. Direct Digital has a 1 year low of $2.17 and a 1 year high of $172.70. The stock has a market cap of $2.27 million, a price-to-earnings ratio of -0.02 and a beta of 5.44.

Direct Digital (NASDAQ:DRCTGet Free Report) last issued its earnings results on Monday, May 11th. The company reported ($7.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($7.74) by $0.49. The firm had revenue of $6.68 million during the quarter, compared to the consensus estimate of $6.82 million. As a group, equities analysts forecast that Direct Digital will post -12.75 earnings per share for the current fiscal year.

Institutional Trading of Direct Digital

An institutional investor recently raised its position in Direct Digital stock. XTX Topco Ltd raised its position in Direct Digital Holdings, Inc. (NASDAQ:DRCTFree Report) by 252.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,787 shares of the company’s stock after buying an additional 38,534 shares during the quarter. XTX Topco Ltd owned about 0.28% of Direct Digital worth $30,000 at the end of the most recent reporting period. Institutional investors own 4.02% of the company’s stock.

Direct Digital Company Profile

(Get Free Report)

Direct Digital Holdings, Inc (NASDAQ: DRCT) is a provider of cloud-based marketing software and services tailored to mortgage lenders and real estate professionals. The company’s integrated platform is designed to help its clients generate, nurture and convert leads through customer relationship management (CRM), automated marketing campaigns, customizable websites and digital content delivery. By combining proprietary tools with expert support, Direct Digital enables users to streamline workflows, improve customer engagement and drive growth in competitive markets.

The company’s flagship offerings include a CRM system that centralizes prospect and client data, marketing automation that triggers timely email and digital campaigns, and website solutions that are optimized for lead capture and search-engine visibility.

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