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

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

Analysts Set New Price Targets

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

Direct Digital Stock Performance

Shares of DRCT traded down $0.01 during mid-day trading on Friday, hitting $0.41. 5,542 shares of the company were exchanged, compared to its average volume of 341,583. The stock has a market cap of $325,215.00, a price-to-earnings ratio of -0.00 and a beta of 5.33. Direct Digital has a 1-year low of $0.40 and a 1-year high of $92.40. The company has a 50 day moving average of $1.94 and a 200-day moving average of $2.64.

Direct Digital (NASDAQ:DRCT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($5.78) earnings per share (EPS) for the quarter, topping the consensus estimate of ($9.60) by $3.82. The firm had revenue of $7.83 million during the quarter, compared to analyst estimates of $8.84 million. Research analysts anticipate that Direct Digital will post -18.97 earnings per share for the current fiscal year.

About Direct Digital

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.