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

Lottery.com Inc. (NASDAQ:SEGG) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,115,908 shares, a decrease of 81.4% from the January 15th total of 6,002,126 shares. Based on an average trading volume of 27,580,832 shares, the days-to-cover ratio is presently 0.0 days. Approximately 15.3% of the company’s shares are sold short. Approximately 15.3% of the company’s shares are sold short. Based on an average trading volume of 27,580,832 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Lottery.com Stock Performance

Shares of NASDAQ:SEGG traded up $0.19 during trading on Tuesday, hitting $1.30. The company’s stock had a trading volume of 6,228,666 shares, compared to its average volume of 32,513,804. The company has a market capitalization of $11.98 million, a PE ratio of -0.33 and a beta of 1.38. Lottery.com has a fifty-two week low of $0.46 and a fifty-two week high of $26.45. The business has a 50 day moving average price of $1.16 and a two-hundred day moving average price of $3.70.

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

About Lottery.com

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.