(NEW YORK)--Lottery.com Inc. (LTRY) delivered a crushing blow to short-sellers Wednesday, rocketing from $0.70’s to near $1.89 following a bearish report from Ragnarok Research.
The Denmark-based research firm, notably run by 17-year-olds, published their first short report in 1.5 years targeting LTRY, claiming it was their "duty" as short sellers. However, the market had other plans, delivering a brutal education to the teenage analysts.
LTRY's explosive move reflects strong underlying fundamentals as the company continues expanding under new management. The transformation includes building their Lottery and Sports.com brands while strategically acquiring TicketStub.com and Concerts.com to diversify their digital entertainment portfolio.
With only 2 million shares outstanding and a tight float, LTRY demonstrated why challenging established Wall Street players requires more than academic intelligence. The high schoolers learned that market dynamics and institutional backing often trump theoretical analysis.
The incident serves as a reminder that experience matters in equity markets, regardless of intellectual prowess.
Short squeeze trigger now set at $1.75
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