Dreamland Limited (NASDAQ:TDIC) Shares Shorted: Short Interest Down 52.5% in October

Dreamland Limited (NASDAQ:TDIC) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 174,676 shares, a decrease of 52.5% from the October 15th total of 367,372 shares. Based on an average daily volume of 1,829,381 shares, the short-interest ratio is currently 0.1 days. Approximately 11.6% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings lowered shares of Dreamland from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 24th. Wall Street Zen cut Dreamland from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

Dreamland Stock Performance

Dreamland stock traded down $0.03 during trading hours on Friday, reaching $1.44. The company had a trading volume of 103,514 shares, compared to its average volume of 1,054,560. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.23 and a quick ratio of 1.23. The company has a 50-day moving average price of $1.90 and a 200 day moving average price of $13.42. Dreamland has a 12-month low of $1.39 and a 12-month high of $750.00.

Dreamland (NASDAQ:TDIC) last announced its quarterly earnings data on Monday, August 17th. The company reported ($8.04) earnings per share for the quarter. The business had revenue of $0.67 million during the quarter.

Insider Activity

In other Dreamland news, CEO Wai Yue Seto bought 300,000 shares of Dreamland stock in a transaction that occurred on Friday, October 9th. The shares were bought at an average price of $2.00 per share, with a total value of $600,000.00. Following the acquisition, the chief executive officer owned 1,369,890 shares in the company, valued at approximately $2,739,780. This trade represents a 28.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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.