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

Lottery.com Inc. (NASDAQ:SEGG) saw 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. Based on an average daily volume of 808,137 shares, the days-to-cover ratio is presently 0.8 days. Approximately 5.2% of the company’s shares are short sold.

Lottery.com Stock Performance

SEGG stock traded up $0.00 during trading on Friday, reaching $0.77. 56,180 shares of the company traded hands, compared to its average volume of 6,551,143. Lottery.com has a 12 month low of $0.46 and a 12 month high of $13.10. The business has a 50 day simple moving average of $1.31 and a 200 day simple moving average of $1.11. The company has a market capitalization of $12.79 million, a price-to-earnings ratio of -0.20 and a beta of 2.44.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Lottery.com stock. DRW Securities LLC acquired a new position in shares of Lottery.com Inc. (NASDAQ:SEGG) in the 4th quarter, according to the company in its most recent filing with the SEC. 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 SEC filing. 7.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SEGG has been the subject of a number of research analyst reports. Wall Street Zen lowered Lottery.com from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Lottery.com in a research report on Monday, July 6th. One investment 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, the company currently has an average rating of “Hold” and an average target price 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.