Lottery.com Inc. (NASDAQ:SEGG) Shares Shorted: Short Interest Up 50.0% in September

Lottery.com Inc. (NASDAQ:SEGG) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 128,806 shares, an increase of 50.0% from the August 31st total of 85,878 shares. Based on an average daily trading volume, of 51,234 shares, the days-to-cover ratio is currently 2.5 days. Currently, 5.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SEGG shares. Wall Street Zen downgraded Lottery.com from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Weiss Ratings lowered shares of Lottery.com from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Lottery.com Trading Up 4.2%

Shares of SEGG traded up $0.10 during midday trading on Friday, reaching $2.40. 40,777 shares of the stock were exchanged, compared to its average volume of 44,520. The company has a market capitalization of $7.81 million, a P/E ratio of -0.09 and a beta of 2.55. Lottery.com has a 52 week low of $2.18 and a 52 week high of $35.84. The company’s 50 day moving average is $2.89 and its two-hundred day moving average is $5.84.

About Lottery.com

Lottery.com is a digital lottery and gaming company that provides technology for purchasing official lottery products online. Its platform is designed to allow users to access lottery tickets and related services through digital channels, subject to applicable laws and regulations in the jurisdictions where those services are offered.

The company has historically focused on facilitating the online sale of lottery tickets, providing lottery results and information, and supporting distribution through business-to-business partnerships.