Dreamland Limited (NASDAQ:TDIC) Shares Shorted: Short Interest Up 566.7% in October

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

Analyst Ratings Changes

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

Insider Activity at Dreamland

In other Dreamland news, CEO Wai Yue Seto purchased 300,000 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was purchased at an average price of $2.00 per share, for a total transaction of $600,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,369,890 shares of the company’s stock, valued at $2,739,780. This trade represents a 28.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dreamland Trading Up 25.3%

TDIC traded up $0.38 during trading on Tuesday, hitting $1.88. The company’s stock had a trading volume of 11,930,480 shares, compared to its average volume of 928,685. 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 one year low of $1.49 and a one year high of $750.00. The business’s 50 day simple moving average is $2.19 and its 200-day simple moving average is $15.12.

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

About Dreamland

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.