Jackpot Digital Inc. (OTCMKTS:JPOTF) experienced a notable decrease in short interest, which fell by 36.9% during December. As of December 15, 2023, the total short interest stood at 35,473 shares, down from 56,228 shares recorded on November 30, 2023. With an average trading volume of 97,006 shares, the current short-interest ratio is approximately 0.4 days.
The stock of Jackpot Digital opened at $0.07 on Friday, reflecting a 9.7% increase. Over the past year, the share price has fluctuated, reaching a low of $0.04 and a high of $0.11. The company’s fifty-day and two-hundred-day simple moving averages both sit at $0.08, indicating a consistent valuation over recent months.
Overview of Jackpot Digital
Jackpot Digital plc is a technology-focused lottery and gaming company that offers a comprehensive online platform for digital lottery, instant-win, and iGaming products. The company’s proprietary software supports real-money interactive gaming experiences through a scalable, cloud-based infrastructure, designed to handle high-volume ticket processing and seamless game integration.
In addition to operating its own brands, notably Jackpot.com, Jackpot Digital facilitates national and international lottery draws, keno-style games, bingo, and instant-win products. This diversified portfolio positions the company as a significant player in the digital gaming market.
The recent decrease in short interest may indicate growing confidence among investors regarding Jackpot Digital’s market potential, especially as the company continues to innovate within the rapidly evolving gaming sector.
For those interested in staying updated, Jackpot Digital offers a daily newsletter through MarketBeat.com, summarizing the latest news and analysts’ ratings related to the company and its sector.
