Direct Digital Holdings, Inc. (NASDAQ:DRCT) Short Interest Down 21.6% in February

Direct Digital Holdings, Inc. (NASDAQ:DRCT) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 62,292 shares, a drop of 21.6% from the February 12th total of 79,446 shares. Currently, 15.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 286,632 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 286,632 shares, the short-interest ratio is currently 0.2 days. Currently, 15.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Direct Digital in a report on Wednesday, January 21st. Wall Street Zen raised Direct Digital to a “sell” rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $330.00.

Direct Digital Stock Down 0.9%

NASDAQ:DRCT traded down $0.01 during mid-day trading on Monday, reaching $0.97. 92,995 shares of the company were exchanged, compared to its average volume of 3,210,807. The stock has a market cap of $534,270.00, a PE ratio of -0.01 and a beta of 6.09. Direct Digital has a 12 month low of $0.80 and a 12 month high of $80.30. The company has a fifty day moving average of $1.79 and a 200 day moving average of $9.74.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direct Digital stock. XTX Topco Ltd boosted its position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) by 252.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,787 shares of the company’s stock after buying an additional 38,534 shares during the quarter. XTX Topco Ltd owned approximately 0.28% of Direct Digital worth $30,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 4.02% of the company’s stock.

About Direct Digital

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.