The Lottery Co. Limited (OTCMKTS:LTRCF) Stock Short Interest Report for September

The Lottery Co. Limited (OTCMKTS:LTRCF) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,072,662 shares, a drop of 61.6% from the September 15th total of 5,394,813 shares. Based on an average daily trading volume, of 339 shares, the days-to-cover ratio is currently 6,114.0 days.

Lottery Stock Performance

Shares of OTCMKTS:LTRCF remained flat at C$3.35 during trading on Wednesday. The firm has a 50 day moving average of C$3.63 and a two-hundred day moving average of C$3.71. Lottery has a 1 year low of C$3.35 and a 1 year high of C$3.58.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LTRCF. Royal Bank Of Canada assumed coverage on shares of Lottery in a research report on Monday, August 3rd. They set a “sector perform” rating and a $5.75 price target for the company. Citigroup cut Lottery from a “buy” rating to a “neutral” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Lottery Company Profile

The Lottery Corporation Limited is an Australian gaming and entertainment company focused on lotteries and Keno. It provides official lottery products and draw-based games, including jackpot lotteries, instant-win games and other lottery offerings distributed through retail and digital channels.

The company operates under well-known Australian lottery brands, including The Lott and Keno. Its services are available through a network of retail outlets and online platforms, allowing customers to purchase entries, check results and manage lottery-related activities digitally.

The Lottery Corporation was established following the 2022 demerger of Tabcorp Holdings’ lotteries and Keno businesses.