Lottery.com Inc. (NASDAQ:SEGG) Short Interest Update

Lottery.com Inc. (NASDAQ:SEGG) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 678,197 shares, a decrease of 42.1% from the June 15th total of 1,171,939 shares. Currently, 5.2% of the shares of the stock are short sold. Based on an average daily volume of 808,137 shares, the short-interest ratio is presently 0.8 days.

Analyst Ratings Changes

SEGG has been the topic of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Lottery.com in a research report on Monday, July 6th. Wall Street Zen downgraded Lottery.com from a “sell” rating to a “strong sell” rating in a report on Sunday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lottery.com presently has a consensus rating of “Hold” and an average target price of $20.00.

Institutional Investors Weigh In On Lottery.com

An institutional investor recently bought a new position in Lottery.com stock. DRW Securities LLC acquired a new position in shares of Lottery.com Inc. (NASDAQ:SEGG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 58,609 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 0.64% of Lottery.com as of its most recent filing with the Securities & Exchange Commission. 7.72% of the stock is owned by hedge funds and other institutional investors.

Lottery.com Trading Down 2.9%

SEGG traded down $0.02 during trading hours on Thursday, hitting $0.77. 881,835 shares of the company’s stock were exchanged, compared to its average volume of 6,599,200. The firm has a market cap of $12.72 million, a P/E ratio of -0.20 and a beta of 2.44. Lottery.com has a 12-month low of $0.46 and a 12-month high of $13.10. The firm has a 50 day moving average of $1.32 and a 200 day moving average of $1.11.

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.