The Lottery Co. Limited (OTCMKTS:LTRCF) Sees Significant Increase in Short Interest

The Lottery Co. Limited (OTCMKTS:LTRCF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 3,928,811 shares, a growth of 89.6% from the September 30th total of 2,072,662 shares. Based on an average daily volume of 337 shares, the short-interest ratio is presently 11,658.2 days.

Lottery Price Performance

Shares of OTCMKTS LTRCF remained flat at C$3.65 during trading hours on Monday. The business has a 50 day simple moving average of C$3.55 and a 200-day simple moving average of C$3.64. Lottery has a 52-week low of C$3.35 and a 52-week high of C$3.65.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LTRCF. Royal Bank Of Canada assumed coverage on shares of Lottery in a report on Monday, August 3rd. They issued a “sector perform” rating and a $5.75 price objective for the company. Citigroup lowered Lottery from a “buy” rating to a “neutral” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Lottery Company Profile

The Lottery Corporation Limited is an Australian lottery and Keno operator. The company provides a range of lottery products, including draw-based games, instant-scratch products and Keno games, through retail outlets and digital channels.

Its lottery operations include national and state-based games offered under brands such as The Lott, while its Keno business operates in venues across Australia. The company serves customers throughout Australia and supports both in-store and online participation, subject to applicable state and territory regulations.

The Lottery Corporation was established in 2022 following the demerger of Tabcorp’s lotteries and Keno businesses.