Dreamland Limited (NASDAQ:TDIC) Short Interest Up 679.9% in July

Dreamland Limited (NASDAQ:TDIC) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 72,270 shares, an increase of 679.9% from the June 30th total of 9,267 shares. Approximately 4.8% of the company’s shares are short sold. Based on an average trading volume of 2,373,632 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TDIC. Wall Street Zen upgraded shares of Dreamland to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings raised shares of Dreamland from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Dreamland has a consensus rating of “Sell”.

Insider Activity

In other news, CEO Wai Yue Seto purchased 652,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average price of $3.75 per share, for a total transaction of $2,445,000.00. Following the completion of the acquisition, the chief executive officer directly owned 749,890 shares in the company, valued at approximately $2,812,087.50. The trade was a 666.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dreamland Price Performance

Shares of NASDAQ TDIC opened at $2.67 on Monday. Dreamland has a twelve month low of $2.58 and a twelve month high of $987.50. The company’s fifty day moving average is $7.16 and its 200-day moving average is $20.85.

About Dreamland

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.