Short Interest in Dreamland Limited (NASDAQ:TDIC) Drops By 85.3%

Dreamland Limited (NASDAQ:TDIC) was the target of a significant 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. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 42,365 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

TDIC has been the topic of several recent analyst reports. Weiss Ratings downgraded Dreamland from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 24th. Wall Street Zen downgraded Dreamland from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Insider Buying and Selling

In other Dreamland news, CEO Wai Yue Seto acquired 652,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of $3.75 per share, for a total transaction of $2,445,000.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dreamland Stock Up 0.4%

Shares of NASDAQ TDIC opened at $2.25 on Friday. Dreamland has a 1-year low of $2.15 and a 1-year high of $987.50. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.23 and a quick ratio of 1.23. The business’s 50 day moving average is $2.79 and its two-hundred day moving average is $15.86.

Dreamland (NASDAQ:TDIC) last announced 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.