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

Direct Digital Holdings, Inc. (NASDAQ:DRCT) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 55,400 shares, an increase of 40.3% from the August 15th total of 39,500 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average trading volume of 346,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Direct Digital

An institutional investor recently bought a new position in Direct Digital stock. Privium Fund Management UK Ltd purchased a new stake in Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned 0.15% of Direct Digital at the end of the most recent quarter. 4.02% of the stock is currently owned by institutional investors and hedge funds.

Direct Digital Stock Down 2.4 %

NASDAQ DRCT traded down $0.06 during trading hours on Monday, hitting $2.46. The company had a trading volume of 9,266 shares, compared to its average volume of 256,622. The firm has a market cap of $35.10 million, a P/E ratio of 17.57 and a beta of 7.59. Direct Digital has a fifty-two week low of $2.14 and a fifty-two week high of $35.88. The business has a fifty day simple moving average of $3.46 and a 200-day simple moving average of $7.69.

Direct Digital Company Profile

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.