Dreamland Limited (NASDAQ:TDIC) Stock Short Interest Falls 52.5%

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

Analyst Ratings Changes

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

Dreamland Trading Down 2.0%

TDIC stock traded down $0.03 during mid-day trading on Friday, hitting $1.44. 103,514 shares of the stock were exchanged, compared to its average volume of 1,054,560. 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 business has a fifty 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 posted its quarterly earnings data on Monday, August 17th. The company reported ($8.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.67 million during the quarter.

Insider Buying and Selling at Dreamland

In related news, CEO Wai Yue Seto acquired 300,000 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were bought at an average cost of $2.00 per share, for a total transaction of $600,000.00. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.