Lottery.com Inc. (NASDAQ:SEGG) Short Interest Down 26.4% in October

Lottery.com Inc. (NASDAQ:SEGG) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 90,300 shares, a drop of 26.4% from the September 30th total of 122,700 shares. Based on an average trading volume of 92,200 shares, the days-to-cover ratio is presently 1.0 days. Currently, 2.5% of the company’s stock are sold short. Currently, 2.5% of the company’s stock are sold short. Based on an average trading volume of 92,200 shares, the days-to-cover ratio is presently 1.0 days.

Lottery.com Trading Down 9.5%

Shares of NASDAQ SEGG opened at $3.05 on Wednesday. Lottery.com has a twelve month low of $2.40 and a twelve month high of $26.45. The stock has a fifty day simple moving average of $4.79 and a 200-day simple moving average of $8.81. The stock has a market capitalization of $12.02 million, a PE ratio of -0.32 and a beta of 1.24.

Lottery.com (NASDAQ:SEGG) last released its earnings results on Tuesday, August 19th. The company reported ($1.30) earnings per share (EPS) for the quarter. Lottery.com had a negative return on equity of 85.38% and a negative net margin of 2,484.16%.The business had revenue of $0.19 million for the quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on SEGG. Weiss Ratings restated a “sell (e+)” rating on shares of Lottery.com in a research note on Tuesday, October 14th. Wall Street Zen upgraded Lottery.com from a “sell” rating to a “hold” rating in a research note on Sunday, October 12th. Finally, Noble Financial started coverage on Lottery.com in a research note on Friday, September 12th. They issued an “outperform” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.00.

About Lottery.com

Lottery.com Inc, a digital publisher, provides lottery data results, jackpots, results, and other data. The company delivers daily results of approximately 800 domestic and international lottery games from 40 countries, including the United States, Canada, and the United Kingdom to 400 digital publishers and media organizations.