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

Lottery.com Inc. (NASDAQ:SEGG) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 131,625 shares, a decline of 88.4% from the July 30th total of 1,139,511 shares. Based on an average trading volume of 145,397 shares, the days-to-cover ratio is presently 0.9 days. Currently, 5.1% of the shares of the company are sold short.

Analyst Ratings Changes

Several brokerages recently weighed in on SEGG. Weiss Ratings downgraded shares of Lottery.com from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. Wall Street Zen cut shares of Lottery.com from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $140.00.

Hedge Funds Weigh In On Lottery.com

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

Lottery.com Stock Performance

Shares of SEGG stock opened at $2.83 on Wednesday. Lottery.com has a 1 year low of $2.25 and a 1 year high of $52.94. The stock has a fifty day moving average of $4.54 and a two-hundred day moving average of $6.76. The firm has a market capitalization of $9.23 million, a PE ratio of -0.10 and a beta of 2.50.

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.