Dreamland Limited (NASDAQ:TDIC – Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 72,270 shares, a growth of 679.9% from the June 30th total of 9,267 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average daily volume of 2,373,632 shares, the days-to-cover ratio is currently 0.0 days.
Dreamland Price Performance
Shares of Dreamland stock traded down $0.18 on Friday, reaching $2.67. The company had a trading volume of 79,915 shares, compared to its average volume of 1,326,995. The firm’s 50 day moving average price is $7.16 and its two-hundred day moving average price is $20.88. Dreamland has a 52-week low of $2.58 and a 52-week high of $987.50.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Wall Street Zen upgraded Dreamland to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded Dreamland from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Dreamland has a consensus rating of “Sell”.
Insider Buying and Selling at Dreamland
In other news, CEO Wai Yue Seto purchased 652,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average price of $3.75 per share, with a total value of $2,445,000.00. Following the purchase, the chief executive officer directly owned 749,890 shares in the company, valued at approximately $2,812,087.50. This represents a 666.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Dreamland Company Profile
We are an event management service provider based in Hong Kong with over eight years of experience in managing the entire or part of the event lifecycle for our customers. Events encompass a range of public and private events, from trade shows, conferences, concerts, exhibitions, charity galas, brand promotion events to internal corporate events. For enterprises, events offer a highly effective way to maximize their engagement with customers, helping enterprises to generate and qualify leads, deepen relationships with customers and build brand loyalty and advocacy, such as promotion of a brand by satisfied customers through customers sharing positive experiences on social media, providing referrals to friends and family, or simply telling others about the brand.
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