FreeCast (Direct Listing) (NASDAQ:CAST) Short Interest Down 81.1% in June

FreeCast (Direct Listing) (NASDAQ:CAST) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 668,108 shares, a decline of 81.1% from the June 15th total of 3,526,512 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average 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 recent analyst reports. Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a research report on Wednesday, June 10th. 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. Weiss Ratings started coverage on shares of FreeCast (Direct Listing) in a research note on Wednesday, June 3rd. They set a “sell (e-)” rating for the company. Finally, Maxim Group assumed 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 target on the stock. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

FreeCast (Direct Listing) Stock Up 14.7%

Shares of FreeCast (Direct Listing) stock traded up $0.42 during trading on Monday, reaching $3.28. 938,506 shares of the company traded hands, compared to its average volume of 7,001,867. The company has a market cap of $135.60 million and a price-to-earnings ratio of -18.22. FreeCast has a 1-year low of $0.50 and a 1-year high of $33.00. The company has a 50 day moving average price of $3.02.

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