Direct Digital Holdings, Inc. (NASDAQ:DRCT – Get Free Report) was the recipient of a large drop in short interest during the month of 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 trading volume of 22,093 shares, the short-interest ratio is presently 0.1 days. Currently, 0.5% of the company’s shares are short sold.
Direct Digital Stock Performance
Direct Digital stock traded down $0.01 during trading hours on Friday, hitting $0.41. The company had a trading volume of 5,542 shares, compared to its average volume of 341,583. The firm has a market cap of $325,215.00, a P/E ratio of -0.00 and a beta of 5.33. The company has a 50-day moving average price of $1.94 and a two-hundred day moving average price of $2.64. Direct Digital has a 1 year low of $0.40 and a 1 year high of $92.40.
Direct Digital (NASDAQ:DRCT – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($5.78) EPS for the quarter, topping analysts’ consensus estimates of ($9.60) by $3.82. The company had revenue of $7.83 million for the quarter, compared to analysts’ expectations of $8.84 million. As a group, equities research analysts anticipate that Direct Digital will post -18.97 EPS for the current year.
Wall Street Analyst Weigh In
View Our Latest Analysis on Direct Digital
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.
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