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

Dreamland Limited (NASDAQ:TDIC) was the recipient of a significant 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 trading volume of 2,541,624 shares, the short-interest ratio is currently 0.1 days. Approximately 24.3% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Insider Activity

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

Dreamland Price Performance

Shares of NASDAQ TDIC traded up $0.14 during midday trading on Thursday, hitting $1.90. 121,638 shares of the company traded hands, compared to its average volume of 969,527. Dreamland has a 12-month low of $1.49 and a 12-month high of $750.00. The stock has a 50-day moving average price of $2.13 and a 200 day moving average price of $14.77. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.23 and a quick ratio of 1.23.

Dreamland (NASDAQ:TDIC) last released its earnings results on Monday, August 17th. The company reported ($8.04) EPS for the quarter. The firm 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.