The Lottery Co. Limited (OTCMKTS:LTRCF – Get Free Report) was the recipient of a significant growth in short interest in 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 volume of 337 shares, the short-interest ratio is presently 11,658.2 days.
Lottery Price Performance
OTCMKTS LTRCF opened at C$3.65 on Friday. Lottery has a 1-year low of C$3.35 and a 1-year high of C$3.65. The company has a 50 day moving average of C$3.55 and a 200-day moving average of C$3.64.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Citigroup lowered Lottery from a “buy” rating to a “neutral” rating in a research note 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 equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on LTRCF
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.
Recommended Stories
- Five stocks we like better than Lottery
- Starbucks Says Its Turnaround Is DoneāThe Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for Lottery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lottery and related companies with MarketBeat.com's FREE daily email newsletter.
