FreeCast (Direct Listing) (NASDAQ:CAST) Short Interest Up 3,039.5% in June

FreeCast (Direct Listing) (NASDAQ:CAST) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 3,526,512 shares, an increase of 3,039.5% from the May 31st total of 112,326 shares. Currently, 8.5% of the company’s stock are short sold. Based on an average trading volume of 34,334,849 shares, the days-to-cover ratio is currently 0.1 days.

FreeCast (Direct Listing) Trading Up 1.5%

NASDAQ CAST traded up $0.13 during mid-day trading on Thursday, hitting $8.71. The company’s stock had a trading volume of 1,933,941 shares, compared to its average volume of 7,785,818. The firm’s 50 day moving average price is $2.61. FreeCast has a twelve month low of $0.50 and a twelve month high of $33.00.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CAST shares. Weiss Ratings started coverage on shares of FreeCast (Direct Listing) in a report on Wednesday, June 3rd. They set a “sell (e-)” rating on the stock. Maxim Group started coverage on FreeCast (Direct Listing) in a research note on Friday, April 24th. They issued a “buy” rating and a $6.00 target price for the company. Wall Street Zen raised FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research raised FreeCast (Direct Listing) to a “hold” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.00.

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.