Lottery.com Inc. (NASDAQ:SEGG) Short Interest Down 81.4% in January

Lottery.com Inc. (NASDAQ:SEGG) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,115,908 shares, a drop of 81.4% from the January 15th total of 6,002,126 shares. Based on an average daily volume of 27,580,832 shares, the short-interest ratio is currently 0.0 days. Currently, 15.3% of the shares of the company are sold short. Currently, 15.3% of the shares of the company are sold short. Based on an average daily volume of 27,580,832 shares, the short-interest ratio is currently 0.0 days.

Lottery.com Stock Down 0.9%

Shares of SEGG traded down $0.01 during midday trading on Thursday, reaching $1.19. 135,450 shares of the stock were exchanged, compared to its average volume of 22,736,725. The stock’s 50 day simple moving average is $1.16 and its 200 day simple moving average is $3.68. The company has a market cap of $10.95 million, a P/E ratio of -0.31 and a beta of 1.38. Lottery.com has a twelve month low of $0.46 and a twelve month high of $26.45.

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

Wall Street Analyst Weigh In

SEGG has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lottery.com in a report on Friday, January 9th. Wall Street Zen lowered shares of Lottery.com from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. One 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 a consensus rating of “Hold” and an average price target of $20.00.

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.