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

Lottery.com Inc. (NASDAQ:SEGG) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 85,878 shares, a decline of 34.8% from the August 15th total of 131,625 shares. Based on an average trading volume of 52,059 shares, the short-interest ratio is currently 1.6 days. Approximately 3.3% of the company’s shares are short sold.

Lottery.com Trading Down 5.3%

NASDAQ SEGG traded down $0.18 during trading on Thursday, hitting $3.16. The company had a trading volume of 10,538 shares, compared to its average volume of 731,503. The company’s fifty day moving average is $3.46 and its 200-day moving average is $6.16. The company has a market cap of $10.31 million, a price-to-earnings ratio of -0.11 and a beta of 2.46. Lottery.com has a one year low of $2.25 and a one year high of $39.62.

Analysts Set New Price Targets

A number of equities analysts have commented on SEGG shares. Wall Street Zen cut Lottery.com from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Weiss Ratings lowered shares of Lottery.com from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lottery.com has an average rating of “Sell”.

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.