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

The Lottery Co. Limited (OTCMKTS:LTRCF) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 3,928,811 shares, an increase of 89.6% from the September 30th total of 2,072,662 shares. Based on an average daily volume of 337 shares, the days-to-cover ratio is presently 11,658.2 days.

Analyst Upgrades and Downgrades

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

Lottery Stock Performance

LTRCF opened at C$3.65 on Tuesday. Lottery has a one year low of C$3.35 and a one year high of C$3.65. The company has a fifty day moving average price of C$3.55 and a 200-day moving average price of C$3.64.

About Lottery

The Lottery Corporation Limited is an Australian lottery and Keno operator. The company provides a range of lottery products, including draw-based games, instant-scratch products and Keno games, through retail outlets and digital channels.

Its lottery operations include national and state-based games offered under brands such as The Lott, while its Keno business operates in venues across Australia. The company serves customers throughout Australia and supports both in-store and online participation, subject to applicable state and territory regulations.

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