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

Dreamland Limited (NASDAQ:TDIC) was the target of a large drop in short interest in the month of 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 sold short. Based on an average daily trading volume, of 42,365 shares, the days-to-cover ratio is currently 0.2 days.

Dreamland Trading Down 0.9%

Shares of NASDAQ:TDIC traded down $0.02 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 current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.78. The stock’s 50-day moving average is $2.84 and its two-hundred day moving average is $15.96. Dreamland has a 12 month low of $2.15 and a 12 month high of $987.50.

Dreamland (NASDAQ:TDIC) last released its quarterly earnings results on Monday, August 17th. The company reported ($8.04) EPS for the quarter. The business had revenue of $0.67 million for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TDIC shares. 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 report on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Insider Transactions at Dreamland

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

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.