Short Interest in Dreamland Limited (NASDAQ:TDIC) Drops By 71.2%

Dreamland Limited (NASDAQ:TDIC) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 9,267 shares, a drop of 71.2% from the June 15th total of 32,209 shares. Based on an average trading volume of 2,083,875 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.6% of the shares of the stock are short sold.

Insiders Place Their Bets

In other news, CEO Wai Yue Seto acquired 652,000 shares of Dreamland stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average price of $3.75 per share, for a total transaction of $2,445,000.00. Following the transaction, the chief executive officer directly owned 749,890 shares of the company’s stock, valued at approximately $2,812,087.50. The trade was a 666.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dreamland Stock Performance

Shares of Dreamland stock traded up $0.20 during trading on Monday, hitting $3.88. The company’s stock had a trading volume of 6,634,876 shares, compared to its average volume of 789,872. Dreamland has a 52 week low of $3.00 and a 52 week high of $987.50. The stock has a 50-day moving average price of $23.66 and a two-hundred day moving average price of $22.42.

Analysts Set New Price Targets

TDIC has been the topic of a number of recent research reports. Weiss Ratings raised Dreamland from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of Dreamland to a “sell” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Dreamland currently has an average rating of “Sell”.

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.