Direct Digital Holdings, Inc. (NASDAQ:DRCT) Shares Shorted: Short Interest Down 97.9% in September

Direct Digital Holdings, Inc. (NASDAQ:DRCT – Get Free Report) was the target of a significant decrease in short interest during the month of 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 shares of the stock are short sold. Based on an average daily trading volume, of 22,093 shares, the short-interest ratio is presently 0.1 days.

Direct Digital Price Performance

Shares of NASDAQ:DRCT traded down $0.01 during midday trading on Friday, hitting $0.41. The company had a trading volume of 5,542 shares, compared to its average volume of 341,583. Direct Digital has a twelve month low of $0.40 and a twelve month high of $92.40. The stock has a market cap of $325,215.00, a price-to-earnings ratio of -0.00 and a beta of 5.33. The business’s 50-day simple moving average is $1.94 and its 200-day simple moving average is $2.64.

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Direct Digital (NASDAQ:DRCT – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($5.78) earnings per share for the quarter, topping analysts’ consensus estimates of ($9.60) by $3.82. The company had revenue of $7.83 million for the quarter, compared to analyst estimates of $8.84 million. As a group, sell-side analysts forecast that Direct Digital will post -18.97 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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About Direct Digital

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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.

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