Lottery.com Inc. (NASDAQ:SEGG) Shares Shorted: Short Interest Up 50.0% in September

Lottery.com Inc. (NASDAQ:SEGG) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 128,806 shares, a growth of 50.0% from the August 31st total of 85,878 shares. Based on an average trading volume of 51,234 shares, the days-to-cover ratio is currently 2.5 days. Approximately 5.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings cut shares of Lottery.com from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Lottery.com from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Lottery.com Price Performance

Shares of Lottery.com stock traded down $0.02 during trading hours on Thursday, hitting $2.30. The company had a trading volume of 40,739 shares, compared to its average volume of 694,779. The company’s 50-day moving average is $2.93 and its two-hundred day moving average is $5.87. The company has a market cap of $7.50 million, a P/E ratio of -0.08 and a beta of 2.46. Lottery.com has a twelve month low of $2.18 and a twelve month high of $35.84.

About Lottery.com

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.