2 weeks Ago By ABMN Staff
Direct Digital Holdings, Inc. ( NASDAQ:DRCT – Get Free Report ) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 58,700 shares, a growth of 6.
0% from the August 31st total of 55,400 shares. Based on an average daily volume of 98,500 shares, the short-interest ratio is presently 0.6 days.
Currently, 2.0% of the shares of the stock are short sold. 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 position in shares of Direct Digital Holdings, Inc. ( NASDAQ:DRCT – Free Report ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,925 shares of the company’s stock, valued at approximately $91,000.
Privium Fund Management UK Ltd owned approximately 0.15% of Direct Digital as of its most recent SEC filing. Institutional investors own 4.
02% of the company’s stock. Direct Digital Stock Down 5.7 % Shares of DRCT traded down $0.
12 during midday trading on Tuesday, reaching $1.99. The company had a trading volume of 75,537 shares, compared to its average volume of 245,045.
The firm has a 50 day simple moving average of $3.05 and a 200-day simple moving average of $6.03.
The stock has a market cap of $28.40 million, a PE ratio of 13.57 and a beta of 7.
59. Direct Digital has a 1-year low of $1.90 and a 1-year high of $35.
88. 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.
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