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

Direct Digital Holdings, Inc. (NASDAQ:DRCT) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 45,319 shares, an increase of 337.7% from the May 31st total of 10,353 shares. Approximately 8.2% of the shares of the company are sold short. Based on an average daily volume of 120,129 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Direct Digital

A hedge fund recently raised its stake in Direct Digital stock. XTX Topco Ltd increased its position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) by 252.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,787 shares of the company’s stock after purchasing an additional 38,534 shares during the period. XTX Topco Ltd owned approximately 0.28% of Direct Digital worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Direct Digital from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Direct Digital Stock Performance

NASDAQ:DRCT opened at $2.65 on Monday. The firm has a market cap of $1.96 million, a P/E ratio of -0.01 and a beta of 5.34. The stock’s 50 day simple moving average is $3.23 and its 200-day simple moving average is $6.11. Direct Digital has a 12-month low of $2.17 and a 12-month high of $172.70.

Direct Digital (NASDAQ:DRCT) last issued its quarterly earnings results on Monday, May 11th. The company reported ($7.25) earnings per share for the quarter, topping the consensus estimate of ($7.74) by $0.49. The company had revenue of $6.68 million for the quarter, compared to analyst estimates of $6.82 million. Research analysts forecast that Direct Digital will post -12.75 EPS for the current fiscal year.

About Direct Digital

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.