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

Dreamland Limited (NASDAQ:TDIC) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 367,372 shares, a growth of 566.7% from the September 30th total of 55,106 shares. Based on an average daily volume of 2,541,624 shares, the days-to-cover ratio is presently 0.1 days. Approximately 24.3% of the shares of the stock are sold short.

Insiders Place Their Bets

In related news, CEO Wai Yue Seto acquired 300,000 shares of the business’s stock in a transaction on Friday, October 9th. The stock was acquired at an average cost of $2.00 per share, with a total value of $600,000.00. Following the acquisition, the chief executive officer directly owned 1,369,890 shares in the company, valued at $2,739,780. This represents a 28.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Analyst Ratings Changes

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

Dreamland Stock Up 25.3%

NASDAQ TDIC traded up $0.38 during trading hours on Tuesday, hitting $1.88. 11,930,480 shares of the company were exchanged, compared to its average volume of 928,685. Dreamland has a 52 week low of $1.49 and a 52 week high of $750.00. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average price of $2.19 and a 200 day moving average price of $15.12.

Dreamland (NASDAQ:TDIC) last posted 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 for 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.