FreeCast (Direct Listing) (NASDAQ:CAST) Sees Large Increase in Short Interest

FreeCast (Direct Listing) (NASDAQ:CAST) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,101,215 shares, a growth of 60.3% from the July 15th total of 687,087 shares. Based on an average daily volume of 510,565 shares, the short-interest ratio is presently 2.2 days. Approximately 5.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Maxim Group initiated coverage on FreeCast (Direct Listing) in a report on Friday, April 24th. They issued a “buy” rating and a $6.00 target price on the stock. Wall Street Zen raised FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings initiated coverage on shares of FreeCast (Direct Listing) in a report on Wednesday, June 3rd. They issued a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, FreeCast (Direct Listing) has an average rating of “Hold” and an average target price of $6.00.

FreeCast (Direct Listing) Price Performance

NASDAQ CAST traded up $1.03 during trading hours on Tuesday, hitting $1.89. The company had a trading volume of 91,779,251 shares, compared to its average volume of 6,325,286. The business’s 50 day moving average is $3.27. FreeCast has a fifty-two week low of $0.50 and a fifty-two week high of $33.00. The stock has a market cap of $78.09 million and a P/E ratio of -10.73.

FreeCast (Direct Listing) (NASDAQ:CAST) last issued its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $0.09 million during the quarter. As a group, equities analysts predict that FreeCast will post -0.3 EPS for the current fiscal year.

FreeCast (Direct Listing) Company Profile

FreeCast, Inc is a digital media and streaming-technology company that operates a platform for aggregated video content and content discovery. The company focuses on enabling consumers to find and access free, ad-supported and subscription video across connected TVs, mobile devices and the web through a unified interface. FreeCast’s offering is positioned to address fragmentation in the streaming ecosystem by simplifying discovery and centralizing access to disparate streaming sources.

Its core activities center on content aggregation, distribution and monetization tools for both end users and business partners.