FreeCast (Direct Listing) (NASDAQ:CAST) Short Interest Update

FreeCast (Direct Listing) (NASDAQ:CAST) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,101,215 shares, an increase of 60.3% from the July 15th total of 687,087 shares. Based on an average trading 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.

FreeCast (Direct Listing) Trading Down 13.7%

Shares of FreeCast (Direct Listing) stock traded down $0.14 on Monday, hitting $0.86. 1,655,047 shares of the company’s stock traded hands, compared to its average volume of 5,581,838. FreeCast has a 52-week low of $0.50 and a 52-week high of $33.00. The firm has a market capitalization of $35.54 million and a PE ratio of -4.78. The business’s 50-day simple moving average is $3.26.

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

Analyst Upgrades and Downgrades

CAST has been the topic of several research reports. Weiss Ratings started coverage on shares of FreeCast (Direct Listing) in a report on Wednesday, June 3rd. They issued a “sell (e-)” rating on the stock. Maxim Group assumed coverage on shares of FreeCast (Direct Listing) in a research report on Friday, April 24th. They issued a “buy” rating and a $6.00 price objective for the company. Wall Street Zen raised shares of FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.00.

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.