FreeCast (Direct Listing) (NASDAQ:CAST – Get Free Report) was the target of a significant growth in short interest in 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. Based on an average daily trading volume, of 20,796,524 shares, the days-to-cover ratio is presently 0.1 days. Currently, 14.8% of the company’s stock are sold short.
Analyst Ratings Changes
A number of equities analysts recently commented on CAST shares. Wall Street Zen upgraded FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of FreeCast (Direct Listing) in a report on Monday, August 31st. One 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.00.
View Our Latest Analysis on CAST
FreeCast (Direct Listing) Stock Down 0.7%
FreeCast (Direct Listing) Company Profile
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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