Direct Digital Holdings, Inc. (NASDAQ:DRCT) Short Interest Update

Direct Digital Holdings, Inc. (NASDAQ:DRCT) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 334,300 shares, a drop of 48.1% from the January 31st total of 644,200 shares. Approximately 9.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,550,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Direct Digital

A hedge fund recently bought a new stake in Direct Digital stock. Citadel Advisors LLC bought a new stake in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 44,202 shares of the company’s stock, valued at approximately $70,000. Citadel Advisors LLC owned 0.30% of Direct Digital as of its most recent SEC filing. 4.02% of the stock is currently owned by institutional investors.

Direct Digital Stock Up 0.9 %

Shares of NASDAQ:DRCT opened at $0.95 on Friday. The firm has a fifty day moving average of $1.52 and a two-hundred day moving average of $1.96. The firm has a market capitalization of $13.91 million, a P/E ratio of -0.81 and a beta of 6.56. Direct Digital has a 12-month low of $0.51 and a 12-month high of $35.88.

About Direct Digital

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.