Short Interest in Lottery.com Inc. (NASDAQ:SEGG) Grows By 121.8%

Lottery.com Inc. (NASDAQ:SEGG) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 2,536,219 shares, a growth of 121.8% from the April 15th total of 1,143,416 shares. Approximately 19.3% of the company’s stock are short sold. Based on an average trading volume of 7,734,725 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lottery.com in a research note on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.00.

Lottery.com Stock Up 23.8%

Shares of NASDAQ:SEGG traded up $0.36 during midday trading on Friday, hitting $1.87. The stock had a trading volume of 5,149,921 shares, compared to its average volume of 5,764,695. Lottery.com has a 12 month low of $0.46 and a 12 month high of $26.45. The business’s 50-day simple moving average is $0.89 and its 200-day simple moving average is $1.30. The company has a market cap of $31.02 million, a P/E ratio of -0.48 and a beta of 2.29.

Hedge Funds Weigh In On Lottery.com

A hedge fund recently bought a new stake in Lottery.com stock. DRW Securities LLC bought a new stake in Lottery.com Inc. (NASDAQ:SEGG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,609 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 0.64% of Lottery.com at the end of the most recent quarter. Institutional investors own 7.72% of the company’s stock.

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.