Short Interest in FreeCast (Direct Listing) (NASDAQ:CAST) Increases By 3,039.5%

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings started coverage on FreeCast (Direct Listing) in a research note 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 note on Friday, April 24th. They issued a “buy” rating and a $6.00 price target on the stock. 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. Finally, Zacks Research upgraded shares of FreeCast (Direct Listing) to a “hold” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.00.

FreeCast (Direct Listing) Stock Down 13.2%

Shares of CAST traded down $1.15 during mid-day trading on Friday, hitting $7.56. 1,238,458 shares of the company’s stock were exchanged, compared to its average volume of 7,698,737. FreeCast has a 52 week low of $0.50 and a 52 week high of $33.00. The stock has a 50-day moving average of $2.68.

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

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.