Dreamland Limited (NASDAQ:TDIC) Sees Significant Decline in Short Interest

Dreamland Limited (NASDAQ:TDIC) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 10,183 shares, a drop of 85.3% from the August 15th total of 69,069 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 42,365 shares, the days-to-cover ratio is presently 0.2 days.

Insider Activity at Dreamland

In other news, CEO Wai Yue Seto acquired 652,000 shares of Dreamland stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of $3.75 per share, for a total transaction of $2,445,000.00. Following the acquisition, the chief executive officer owned 749,890 shares of the company’s stock, valued at $2,812,087.50. This trade represents a 666.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

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

Dreamland Trading Down 0.9%

Shares of TDIC stock traded down $0.02 during trading hours on Friday, hitting $2.22. The company’s stock had a trading volume of 6,084 shares, compared to its average volume of 628,186. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.78. Dreamland has a twelve month low of $2.15 and a twelve month high of $987.50. The business has a fifty day moving average of $2.84 and a 200-day moving average of $15.96.

Dreamland (NASDAQ:TDIC) last issued its quarterly earnings results 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.

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.