Lottery.com Inc. (NASDAQ:SEGG) Short Interest Down 19.7% in December

Lottery.com Inc. (NASDAQ:SEGG) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 150,889 shares, a decline of 19.7% from the November 30th total of 187,813 shares. Based on an average trading volume of 144,490 shares, the short-interest ratio is presently 1.0 days. Approximately 4.0% of the shares of the company are sold short. Approximately 4.0% of the shares of the company are sold short. Based on an average trading volume of 144,490 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen lowered Lottery.com from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lottery.com in a report on Tuesday, October 14th. Finally, Noble Financial assumed coverage on shares of Lottery.com in a research report on Friday, September 12th. They issued an “outperform” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.00.

Lottery.com Trading Down 7.6%

Shares of Lottery.com stock traded down $0.06 during trading hours on Wednesday, hitting $0.73. 179,677 shares of the company were exchanged, compared to its average volume of 444,437. The business has a 50-day moving average of $2.01 and a 200-day moving average of $6.02. Lottery.com has a 1 year low of $0.72 and a 1 year high of $26.45. The stock has a market capitalization of $3.75 million, a price-to-earnings ratio of -0.19 and a beta of 1.28.

Lottery.com (NASDAQ:SEGG) last posted its quarterly earnings data on Thursday, November 20th. The company reported ($1.19) earnings per share for the quarter. The firm had revenue of $0.14 million during the quarter. Lottery.com had a negative net margin of 2,270.88% and a negative return on equity of 75.62%.

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.