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

FreeCast (Direct Listing) (NASDAQ:CAST) saw a significant increase in short interest during the month of 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 sold short. Based on an average daily trading volume, of 34,334,849 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

FreeCast (Direct Listing) Stock Up 1.5%

Shares of FreeCast (Direct Listing) stock traded up $0.13 during mid-day trading on Thursday, hitting $8.71. 1,933,941 shares of the stock were exchanged, compared to its average volume of 7,785,818. FreeCast has a 12 month low of $0.50 and a 12 month high of $33.00. The firm’s 50-day moving average is $2.61.

FreeCast (Direct Listing) (NASDAQ:CAST) last released its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm 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.