Short Interest in Lottery.com Inc. (NASDAQ:LTRY) Drops By 18.5%

Lottery.com Inc. (NASDAQ:LTRY) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 275,500 shares, a decrease of 18.5% from the January 15th total of 338,000 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average trading volume of 8,660,000 shares, the days-to-cover ratio is currently 0.0 days.

Insider Activity

In other news, Director Matthew Howard Mcgahan sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $0.41, for a total value of $32,800.00. Following the completion of the transaction, the director now owns 1,021,487 shares of the company’s stock, valued at $418,809.67. The trade was a 7.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 215,000 shares of company stock worth $97,650 over the last three months. 19.90% of the stock is currently owned by corporate insiders.

Lottery.com Stock Performance

LTRY stock opened at $1.60 on Friday. Lottery.com has a 52-week low of $0.22 and a 52-week high of $3.56. The stock’s fifty day simple moving average is $0.56 and its 200-day simple moving average is $0.58.

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

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.