Lottery.com Inc. (NASDAQ:SEGG) Short Interest Down 34.8% in August

Lottery.com Inc. (NASDAQ:SEGG) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 85,878 shares, a drop of 34.8% from the August 15th total of 131,625 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average trading volume of 52,059 shares, the days-to-cover ratio is presently 1.6 days.

Lottery.com Stock Up 4.9%

Shares of SEGG stock opened at $3.19 on Friday. The firm has a market cap of $10.40 million, a price-to-earnings ratio of -0.12 and a beta of 2.46. Lottery.com has a 52-week low of $2.25 and a 52-week high of $39.62. The company’s 50 day moving average is $3.36 and its 200 day moving average is $6.11.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings lowered Lottery.com from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. Wall Street Zen downgraded Lottery.com from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus 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.