Short Interest in Lottery.com Inc. (NASDAQ:LTRY) Decreases By 6.8%

Lottery.com Inc. (NASDAQ:LTRY – Get Rating) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 672,200 shares, a drop of 6.8% from the February 13th total of 721,200 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 685,800 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Lottery.com

A number of hedge funds and other institutional investors have recently made changes to their positions in LTRY. Creative Planning acquired a new position in Lottery.com during the second quarter worth $65,000. Vanguard Group Inc. increased its holdings in Lottery.com by 142.4% during the third quarter. Vanguard Group Inc. now owns 1,290,827 shares of the company’s stock worth $290,000 after buying an additional 758,217 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Lottery.com by 3,714.4% during the first quarter. JPMorgan Chase & Co. now owns 95,359 shares of the company’s stock worth $300,000 after buying an additional 92,859 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Lottery.com during the second quarter worth $327,000. Finally, Millennium Management LLC acquired a new position in Lottery.com during the second quarter worth $335,000. 7.22% of the stock is currently owned by institutional investors and hedge funds.

Lottery.com Stock Up 3.6 %

Shares of LTRY opened at $0.48 on Wednesday. Lottery.com has a twelve month low of $0.15 and a twelve month high of $4.00. The firm’s 50 day moving average price is $0.45 and its two-hundred day moving average price is $0.35.

Lottery.com Company Profile

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Lottery.com Inc, a technology company, operates B2C platform that enable players to remotely purchase legally sanctioned lottery games in the United States and internationally. It offers domestic and international lottery products and services. The company also provides affiliate marketing services under the LotteryLink brand; and delivers lottery data, such as winning numbers and results to approximately 400 digital publishers and media organizations.