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

FreeCast (Direct Listing) (NASDAQ:CAST) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,542,721 shares, a decrease of 45.9% from the August 31st total of 2,850,589 shares. Currently, 8.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 899,700 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CAST shares. Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a research note on Wednesday, June 10th. Wall Street Zen upgraded shares of FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings raised FreeCast (Direct Listing) from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

FreeCast (Direct Listing) Stock Down 2.2%

CAST opened at $1.11 on Thursday. The stock has a market cap of $46.09 million and a P/E ratio of -6.14. The company has a fifty day simple moving average of $1.38 and a 200 day simple moving average of $2.52. FreeCast has a 12 month low of $0.50 and a 12 month high of $33.00.

FreeCast (Direct Listing) (NASDAQ:CAST) last posted its quarterly earnings data on Monday, September 28th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.29). The firm had revenue of $0.36 million during the quarter. On average, equities research analysts expect that FreeCast will post -0.27 earnings per share for the current fiscal year.

About FreeCast (Direct Listing)

FreeCast, Inc is a media and entertainment technology company that develops streaming aggregation services. Its platform is designed to bring together free, ad-supported streaming television, on-demand programming, live channels and subscription-based content in a unified viewing experience, helping consumers discover and access content from multiple sources.

The company offers consumer-facing streaming products and related technology intended to simplify television viewing across connected TVs, mobile devices and other internet-enabled platforms.