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

FreeCast (Direct Listing) (NASDAQ:CAST) was the target of a large drop in short interest in 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. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 16,485,826 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

CAST has been the subject of a number of research reports. Weiss Ratings initiated coverage on FreeCast (Direct Listing) in a research report on Wednesday, June 3rd. They set a “sell (e-)” rating for the company. Maxim Group assumed coverage on FreeCast (Direct Listing) in a report on Friday, April 24th. They issued a “buy” rating and a $6.00 price objective on the stock. Wall Street Zen raised FreeCast (Direct Listing) from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Zacks Research upgraded 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

FreeCast (Direct Listing) Stock Performance

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

FreeCast (Direct Listing) (NASDAQ:CAST) last posted 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.

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.