Lottery.com Inc. (NASDAQ:SEGG) Short Interest Up 56.8% in December

Lottery.com Inc. (NASDAQ:SEGG) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 236,578 shares, an increase of 56.8% from the December 15th total of 150,889 shares. Based on an average daily volume of 130,587 shares, the short-interest ratio is presently 1.8 days. Currently, 6.2% of the shares of the stock are short sold. Currently, 6.2% of the shares of the stock are short sold. Based on an average daily volume of 130,587 shares, the short-interest ratio is presently 1.8 days.

Lottery.com Trading Up 28.1%

Shares of NASDAQ:SEGG traded up $0.28 during mid-day trading on Friday, hitting $1.28. 24,382,521 shares of the company traded hands, compared to its average volume of 35,513,645. The stock has a market cap of $6.58 million, a P/E ratio of -0.33 and a beta of 1.34. The stock has a 50-day moving average price of $1.25 and a two-hundred day moving average price of $5.17. Lottery.com has a 12-month low of $0.46 and a 12-month high of $26.45.

Lottery.com (NASDAQ:SEGG) last released its earnings results on Thursday, November 20th. The company reported ($1.19) earnings per share (EPS) for the quarter. The business 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%.

Analysts Set New Price Targets

Several analysts recently weighed in on SEGG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Lottery.com in a research note on Friday, January 9th. Wall Street Zen downgraded shares of Lottery.com from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Lottery.com currently has an average rating of “Hold” and an average target price of $20.00.

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.