Lottery.com Inc. (NASDAQ:LTRY) Sees Significant Decline in Short Interest

Lottery.com Inc. (NASDAQ:LTRY) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 890,900 shares, a decline of 25.8% from the February 28th total of 1,200,000 shares. Based on an average daily volume of 9,530,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 10.1% of the company’s shares are sold short.

Lottery.com Stock Performance

Shares of NASDAQ:LTRY traded down $0.05 during trading on Monday, hitting $0.89. The company’s stock had a trading volume of 357,610 shares, compared to its average volume of 2,583,992. The company has a market capitalization of $10.75 million, a PE ratio of -0.09 and a beta of 0.63. Lottery.com has a fifty-two week low of $0.22 and a fifty-two week high of $2.40. The stock’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $0.65.

Insider Transactions at Lottery.com

In other Lottery.com news, Director Christopher Anderson Gooding sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $1.39, for a total value of $55,600.00. Following the completion of the transaction, the director now owns 276,553 shares in the company, valued at $384,408.67. This represents a 12.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Howard Mcgahan sold 115,000 shares of the business’s stock in a transaction 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. The trade was a 11.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 200,000 shares of company stock worth $158,250. 26.28% of the stock is currently owned by company insiders.

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.