Lottery.com Inc. (NASDAQ:SEGG) Short Interest Down 23.9% in February

Lottery.com Inc. (NASDAQ:SEGG) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 797,026 shares, a decrease of 23.9% from the February 12th total of 1,046,911 shares. Based on an average trading volume of 1,195,836 shares, the days-to-cover ratio is presently 0.7 days. Currently, 8.0% of the company’s shares are sold short. Currently, 8.0% of the company’s shares are sold short. Based on an average trading volume of 1,195,836 shares, the days-to-cover ratio is presently 0.7 days.

Lottery.com Stock Performance

Shares of Lottery.com stock remained flat at $1.02 on Friday. The stock had a trading volume of 252,122 shares, compared to its average volume of 955,100. The firm has a market capitalization of $12.89 million, a PE ratio of -0.26 and a beta of 1.46. The company has a fifty day moving average price of $1.19 and a 200 day moving average price of $2.52. Lottery.com has a 52 week low of $0.46 and a 52 week high of $26.45.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lottery.com stock. DRW Securities LLC bought a new position in shares of Lottery.com Inc. (NASDAQ:SEGG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,609 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned about 0.64% of Lottery.com at the end of the most recent reporting period. 7.72% of the stock is owned by institutional investors.

Lottery.com Company Profile

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.