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 the month of 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. Based on an average daily volume of 286,632 shares, the days-to-cover ratio is presently 0.2 days. Approximately 15.3% of the shares of the company are sold short. Approximately 15.3% of the shares of the company are sold short. Based on an average daily volume of 286,632 shares, the days-to-cover ratio is presently 0.2 days.

Direct Digital Stock Down 0.1%

Shares of DRCT stock traded down $0.00 during trading hours on Friday, reaching $0.98. 40,036 shares of the company’s stock were exchanged, compared to its average volume of 214,009. Direct Digital has a fifty-two week low of $0.80 and a fifty-two week high of $80.30. The stock has a market capitalization of $539,000.00, a P/E ratio of -0.01 and a beta of 6.09. The business has a fifty day moving average price of $1.79 and a 200-day moving average price of $9.84.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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 its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,787 shares of the company’s stock after acquiring an additional 38,534 shares during the period. XTX Topco Ltd owned approximately 0.28% of Direct Digital worth $30,000 at the end of the most recent quarter. 4.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DRCT. Wall Street Zen raised shares of Direct Digital to a “sell” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Direct Digital in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $330.00.

Direct Digital Company Profile

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.