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

FreeCast (Direct Listing) (NASDAQ:CAST) was the target of a large increase in short interest during 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. Currently, 5.7% of the company’s shares are short sold. Based on an average daily volume of 510,565 shares, the short-interest ratio is presently 2.2 days.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded FreeCast (Direct Listing) to a “hold” rating in a research report on Wednesday, June 10th. Weiss Ratings began coverage on shares of FreeCast (Direct Listing) in a report on Wednesday, June 3rd. They set a “sell (e-)” rating for the company. Maxim Group began coverage on shares of FreeCast (Direct Listing) in a research note on Friday, April 24th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, 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. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.00.

FreeCast (Direct Listing) Price Performance

NASDAQ CAST traded down $0.41 during trading hours on Wednesday, hitting $1.69. The company’s stock had a trading volume of 36,717,666 shares, compared to its average volume of 7,182,260. The stock has a market capitalization of $69.66 million and a P/E ratio of -9.29. The company’s 50-day moving average price is $3.29. FreeCast has a 52 week low of $0.50 and a 52 week high of $33.00.

About FreeCast (Direct Listing)

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.