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

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

Direct Digital Price Performance

Direct Digital stock opened at $0.95 on Friday. The firm has a fifty day moving average price of $1.52 and a two-hundred day moving average price of $1.96. Direct Digital has a fifty-two week low of $0.51 and a fifty-two week high of $35.88. The firm has a market cap of $13.91 million, a price-to-earnings ratio of -0.81 and a beta of 6.56.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direct Digital stock. Citadel Advisors LLC acquired a new position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 4.02% of the company’s stock.

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.