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

Lottery.com Inc. (NASDAQ:SEGG) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,002,126 shares, an increase of 2,437.1% from the December 31st total of 236,578 shares. Based on an average trading volume of 36,345,089 shares, the short-interest ratio is presently 0.2 days. Currently, 158.4% of the shares of the company are short sold. Currently, 158.4% of the shares of the company are short sold. Based on an average trading volume of 36,345,089 shares, the short-interest ratio is presently 0.2 days.

Lottery.com Price Performance

Shares of SEGG stock opened at $1.35 on Wednesday. Lottery.com has a one year low of $0.46 and a one year high of $26.45. The company’s fifty day moving average price is $1.14 and its 200-day moving average price is $4.43. The company has a market capitalization of $6.94 million, a price-to-earnings ratio of -0.35 and a beta of 1.34.

Lottery.com (NASDAQ:SEGG) last issued its earnings results on Thursday, November 20th. The company reported ($1.19) earnings per share for the quarter. The firm had revenue of $0.14 million during the quarter. Lottery.com had a negative return on equity of 75.62% and a negative net margin of 2,270.88%.

Analysts Set New Price Targets

Several research firms recently weighed in on SEGG. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lottery.com in a research report on Friday, January 9th. Wall Street Zen downgraded Lottery.com from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.00.

Lottery.com Company Profile

Lottery.com (NASDAQ: SEGG) operates a digital platform designed to streamline lottery participation by enabling users to purchase entries into state-regulated lotteries via mobile devices or the web. The company’s flagship mobile application and website serve as a gateway for consumers to participate in Powerball®, Mega Millions® and a range of other national and regional lottery drawings. Through partnerships with lottery providers, Lottery.com handles ticket procurement, secure storage and digital delivery of scanned tickets, offering a convenient alternative to traditional retail purchase.

Founded in 2016 and headquartered in Addison, Texas, Lottery.com has expanded its footprint beyond the United States, exploring opportunities in international markets such as Mexico and select European jurisdictions.