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

FreeCast (Direct Listing) (NASDAQ:CAST) saw 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. Approximately 8.5% of the company’s shares are short sold. Based on an average trading volume of 34,334,849 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CAST shares. Weiss Ratings initiated coverage on FreeCast (Direct Listing) in a research 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 report on Friday, April 24th. They set a “buy” rating and a $6.00 target price on the stock. Zacks Research upgraded FreeCast (Direct Listing) to a “hold” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen raised shares of FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. One 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. Based on data from MarketBeat, FreeCast (Direct Listing) presently has an average rating of “Hold” and an average price target of $6.00.

FreeCast (Direct Listing) Trading Up 1.5%

Shares of NASDAQ CAST opened at $8.71 on Friday. The business has a 50 day simple moving average of $2.61. FreeCast has a fifty-two week low of $0.50 and a fifty-two week high of $33.00.

FreeCast (Direct Listing) (NASDAQ:CAST) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) 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.