The Lottery Co. Limited (OTCMKTS:LTRCF) Stock Short Interest Report for October

The Lottery Co. Limited (OTCMKTS:LTRCF) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,928,811 shares, a growth of 89.6% from the September 30th total of 2,072,662 shares. Based on an average daily trading volume, of 337 shares, the days-to-cover ratio is presently 11,658.2 days.

Lottery Stock Performance

OTCMKTS LTRCF opened at C$3.65 on Friday. The firm has a 50-day simple moving average of C$3.55 and a 200 day simple moving average of C$3.64. Lottery has a twelve month low of C$3.35 and a twelve month high of C$3.65.

Analysts Set New Price Targets

LTRCF has been the topic of several recent analyst reports. Citigroup downgraded shares of Lottery from a “buy” rating to a “neutral” rating in a report on Monday, July 6th. Royal Bank Of Canada initiated coverage on Lottery in a research report on Monday, August 3rd. They issued a “sector perform” rating and a $5.75 price target on the stock. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Lottery presently has an average rating of “Hold”.

About Lottery

The Lottery Corporation Limited is an Australian lottery and Keno operator. The company provides a range of lottery products, including draw-based games, instant-scratch products and Keno games, through retail outlets and digital channels.

Its lottery operations include national and state-based games offered under brands such as The Lott, while its Keno business operates in venues across Australia. The company serves customers throughout Australia and supports both in-store and online participation, subject to applicable state and territory regulations.

The Lottery Corporation was established in 2022 following the demerger of Tabcorp’s lotteries and Keno businesses.