Lottery.com Inc. (NASDAQ:SEGG) Sees Significant Increase in Short Interest

Lottery.com Inc. (NASDAQ:SEGG) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 128,806 shares, an increase of 50.0% from the August 31st total of 85,878 shares. Currently, 5.0% of the shares of the company are short sold. Based on an average daily volume of 51,234 shares, the days-to-cover ratio is currently 2.5 days.

Lottery.com Stock Down 0.9%

NASDAQ:SEGG traded down $0.02 during trading hours on Thursday, reaching $2.30. 40,739 shares of the company’s stock were exchanged, compared to its average volume of 694,779. Lottery.com has a 1-year low of $2.18 and a 1-year high of $35.84. The firm has a market capitalization of $7.50 million, a price-to-earnings ratio of -0.08 and a beta of 2.46. The company has a 50-day moving average of $2.93 and a 200 day moving average of $5.87.

Wall Street Analysts Forecast Growth

Several research firms have commented on SEGG. Weiss Ratings lowered Lottery.com from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. Wall Street Zen cut Lottery.com from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Lottery.com Company Profile

Lottery.com is a digital lottery and gaming company that provides technology for purchasing official lottery products online. Its platform is designed to allow users to access lottery tickets and related services through digital channels, subject to applicable laws and regulations in the jurisdictions where those services are offered.

The company has historically focused on facilitating the online sale of lottery tickets, providing lottery results and information, and supporting distribution through business-to-business partnerships.