Lottery.com Inc. (NASDAQ:SEGG) Short Interest Up 56.8% in December

Lottery.com Inc. (NASDAQ:SEGG) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 236,578 shares, an increase of 56.8% from the December 15th total of 150,889 shares. Based on an average daily trading volume, of 130,587 shares, the short-interest ratio is currently 1.8 days. Currently, 6.2% of the shares of the stock are short sold. Currently, 6.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 130,587 shares, the short-interest ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SEGG. Wall Street Zen downgraded Lottery.com from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Lottery.com in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lottery.com presently has a consensus rating of “Hold” and an average target price of $20.00.

Lottery.com Stock Performance

Lottery.com stock opened at $1.28 on Friday. Lottery.com has a 52 week low of $0.46 and a 52 week high of $26.45. The stock has a market capitalization of $6.58 million, a P/E ratio of -0.33 and a beta of 1.34. The stock has a fifty day moving average of $1.22 and a 200-day moving average of $5.04.

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

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.