Short Interest in Lottery.com Inc. (NASDAQ:LTRY) Increases By 390.0%

Lottery.com Inc. (NASDAQ:LTRY) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,350,000 shares, a growth of 390.0% from the January 31st total of 275,500 shares. Based on an average trading volume of 9,340,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 18.0% of the company’s shares are short sold.

Insider Buying and Selling at Lottery.com

In other Lottery.com news, Director Matthew Howard Mcgahan sold 115,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $0.35, for a total transaction of $40,250.00. Following the transaction, the director now directly owns 906,487 shares in the company, valued at approximately $317,270.45. This represents a 11.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 225,000 shares of company stock valued at $111,450. 26.28% of the stock is currently owned by insiders.

Lottery.com Price Performance

Shares of Lottery.com stock remained flat at $1.40 during trading on Friday. 611,133 shares of the company were exchanged, compared to its average volume of 15,059,589. The company has a market cap of $16.91 million, a price-to-earnings ratio of -0.14 and a beta of 1.14. The company has a fifty day moving average price of $0.79 and a 200 day moving average price of $0.61. Lottery.com has a 52 week low of $0.22 and a 52 week high of $2.82.

Lottery.com (NASDAQ:LTRY) last released its quarterly earnings data on Monday, December 16th. The company reported ($0.67) earnings per share (EPS) for the quarter. Lottery.com had a negative return on equity of 88.86% and a negative net margin of 594.64%.

About Lottery.com

Lottery.com Inc, a digital publisher, provides lottery data results, jackpots, results, and other data. The company delivers daily results of approximately 800 domestic and international lottery games from 40 countries, including the United States, Canada, and the United Kingdom to 400 digital publishers and media organizations.