Lottery.com Inc. (NASDAQ:SEGG) Short Interest Down 34.8% in August

Lottery.com Inc. (NASDAQ:SEGG) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 85,878 shares, a decrease of 34.8% from the August 15th total of 131,625 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily volume of 52,059 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SEGG shares. Weiss Ratings downgraded shares of Lottery.com from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. Wall Street Zen lowered 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 Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Lottery.com Price Performance

SEGG stock traded down $0.18 during mid-day trading on Thursday, hitting $3.16. 10,538 shares of the stock were exchanged, compared to its average volume of 731,503. The business has a fifty day moving average price of $3.46 and a 200 day moving average price of $6.16. Lottery.com has a 12 month low of $2.25 and a 12 month high of $39.62. The stock has a market capitalization of $10.31 million, a price-to-earnings ratio of -0.11 and a beta of 2.46.

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.