Short Interest in FreeCast (Direct Listing) (NASDAQ:CAST) Increases By 115.5%

FreeCast (Direct Listing) (NASDAQ:CASTGet Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,850,589 shares, a growth of 115.5% from the August 15th total of 1,322,754 shares. Approximately 14.8% of the company’s shares are short sold. Based on an average daily volume of 20,796,524 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen raised FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings reiterated a “sell (e-)” rating on shares of FreeCast (Direct Listing) in a research report on Monday, August 31st. Finally, Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a research note on Wednesday, June 10th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

View Our Latest Stock Report on FreeCast (Direct Listing)

FreeCast (Direct Listing) Price Performance

CAST traded down $0.01 during trading on Monday, hitting $1.40. The company had a trading volume of 237,827 shares, compared to its average volume of 6,604,415. The stock has a market capitalization of $58.00 million and a P/E ratio of -7.78. FreeCast has a one year low of $0.50 and a one year high of $33.00. The stock has a 50-day moving average of $1.81.

About FreeCast (Direct Listing)

(Get Free Report)

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.

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