FreeCast (Direct Listing) (NASDAQ:CAST – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 2,850,589 shares, an increase of 115.5% from the August 15th total of 1,322,754 shares. Currently, 14.8% of the company’s stock are short sold. Based on an average daily trading volume, of 20,796,524 shares, the days-to-cover ratio is presently 0.1 days.
FreeCast (Direct Listing) Stock Performance
Shares of NASDAQ CAST opened at $1.33 on Wednesday. The firm’s 50-day moving average is $1.71. FreeCast has a 52 week low of $0.50 and a 52 week high of $33.00. The firm has a market cap of $54.98 million and a price-to-earnings ratio of -7.39.
Analysts Set New Price Targets
Several brokerages recently weighed in on CAST. Weiss Ratings raised shares of FreeCast (Direct Listing) from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday. Wall Street Zen upgraded 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 upgraded shares of FreeCast (Direct Listing) to a “hold” rating in a report on Wednesday, June 10th. One investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.00.
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.
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