Short Interest in Dreamland Limited (NASDAQ:TDIC) Grows By 679.9%

Dreamland Limited (NASDAQ:TDIC) was the recipient of a large growth in short interest in 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. Currently, 4.8% of the shares of the company are short sold. Based on an average daily trading volume, of 2,373,632 shares, the days-to-cover ratio is presently 0.0 days.

Insider Activity

In other news, CEO Wai Yue Seto purchased 652,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average cost of $3.75 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen raised Dreamland to a “sell” rating in a report on Saturday, June 13th. Weiss Ratings upgraded Dreamland from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Dreamland Stock Performance

NASDAQ:TDIC opened at $2.67 on Friday. Dreamland has a one year low of $2.58 and a one year high of $987.50. The business has a fifty day moving average price of $7.16 and a 200-day moving average price of $20.88.

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.