FreeCast (Direct Listing) (NASDAQ:CAST) Stock Short Interest Falls 45.9%

FreeCast (Direct Listing) (NASDAQ:CAST) saw a significant 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 company’s shares are short sold. Based on an average trading volume of 899,700 shares, the days-to-cover ratio is currently 1.7 days.

FreeCast (Direct Listing) Trading Down 2.6%

Shares of CAST stock traded down $0.03 during midday trading on Wednesday, reaching $1.14. 550,806 shares of the stock were exchanged, compared to its average volume of 6,092,860. FreeCast has a 1 year low of $0.50 and a 1 year high of $33.00. The firm has a market cap of $47.13 million and a PE ratio of -6.33. The company’s 50 day moving average is $1.41 and its two-hundred day moving average is $2.57.

FreeCast (Direct Listing) (NASDAQ:CAST) last released its earnings results on Monday, September 28th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.29). The firm had revenue of $0.36 million during the quarter. As a group, equities analysts expect that FreeCast will post -0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

CAST has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of FreeCast (Direct Listing) from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, September 14th. Zacks Research upgraded shares of FreeCast (Direct Listing) to a “hold” rating in a report 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 research report on Saturday, June 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

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.