FreeCast (Direct Listing) (NASDAQ:CAST) Short Interest Update

FreeCast (Direct Listing) (NASDAQ:CAST) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 668,108 shares, a drop of 81.1% from the June 15th total of 3,526,512 shares. Based on an average daily trading volume, of 16,485,826 shares, the short-interest ratio is currently 0.0 days. Currently, 1.6% of the shares of the company are short sold.

FreeCast (Direct Listing) Stock Down 16.1%

CAST stock traded down $0.55 during mid-day trading on Friday, hitting $2.86. 593,295 shares of the company were exchanged, compared to its average volume of 7,073,782. The business has a 50 day simple moving average of $3.00. The firm has a market cap of $118.24 million and a PE ratio of -15.89. FreeCast has a 1-year low of $0.50 and a 1-year high of $33.00.

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

Wall Street Analysts Forecast Growth

CAST has been the topic of a number of recent analyst reports. Wall Street Zen raised FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings started coverage on FreeCast (Direct Listing) in a report on Wednesday, June 3rd. They set a “sell (e-)” rating for the company. Maxim Group initiated coverage on shares of FreeCast (Direct Listing) in a research report on Friday, April 24th. They set a “buy” rating and a $6.00 price objective for the company. Finally, Zacks Research upgraded shares of FreeCast (Direct Listing) to a “hold” rating in a report on Wednesday, June 10th. One equities 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 company’s stock. According to data from MarketBeat.com, FreeCast (Direct Listing) 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.