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

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

Wall Street Analyst Weigh In

Several analysts have issued reports on CAST shares. Weiss Ratings raised FreeCast (Direct Listing) from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, September 14th. Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen raised shares of FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. One 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’s stock. Based on data from MarketBeat.com, FreeCast (Direct Listing) currently has a consensus rating of “Hold” and an average target price of $6.00.

FreeCast (Direct Listing) Stock Performance

CAST stock traded down $0.03 during trading on Wednesday, hitting $1.14. 550,806 shares of the company traded hands, compared to its average volume of 6,092,860. The company has a 50-day moving average of $1.41 and a 200-day moving average of $2.57. FreeCast has a 1 year low of $0.50 and a 1 year high of $33.00. The firm has a market capitalization of $47.13 million and a PE ratio of -6.33.

FreeCast (Direct Listing) (NASDAQ:CAST) last announced its quarterly earnings results 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 business had revenue of $0.36 million for the quarter. Sell-side analysts expect that FreeCast will post -0.27 EPS for the current 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.