Short Interest in FreeCast (Direct Listing) (NASDAQ:CAST) Grows By 181.6%

FreeCast (Direct Listing) (NASDAQ:CAST) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 137,660 shares, an increase of 181.6% from the April 15th total of 48,888 shares. Based on an average daily volume of 2,227,533 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen cut FreeCast (Direct Listing) from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Maxim Group began coverage on FreeCast (Direct Listing) in a report on Friday, April 24th. They set a “buy” rating and a $6.00 price objective for the company. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $6.00.

FreeCast (Direct Listing) Stock Down 22.6%

Shares of FreeCast (Direct Listing) stock opened at $1.44 on Friday. FreeCast has a twelve month low of $1.36 and a twelve month high of $33.00. The company has a 50-day simple moving average of $3.17.

FreeCast (Direct Listing) (NASDAQ:CAST) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $0.09 million during the quarter.

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.