The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) Shares Shorted: Short Interest Up 138.6% in September

The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 196,069 shares, a growth of 138.6% from the September 15th total of 82,182 shares. Based on an average daily volume of 1,771,017 shares, the days-to-cover ratio is presently 0.1 days.

Marygold Companies Price Performance

Shares of Marygold Companies stock opened at $1.99 on Thursday. The firm has a fifty day moving average price of $1.29 and a 200 day moving average price of $1.19. Marygold Companies has a 1 year low of $0.84 and a 1 year high of $2.12.

Marygold Companies (NYSEAMERICAN:MGLD) last issued its quarterly earnings data on Friday, September 18th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $6.93 million for the quarter.

Institutional Investors Weigh In On Marygold Companies

An institutional investor recently bought a new stake in Marygold Companies stock. BlackRock Inc. purchased a new position in The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 33,287 shares of the company’s stock, valued at approximately $40,000.

About Marygold Companies

Marygold Companies, Inc is a financial services company focused on developing consumer-oriented wealth management and financial technology businesses. The company operates primarily through the Marygold & Co brand, which is designed to provide individuals with digital tools for managing, saving and investing money.

Marygold & Co offers an app-based financial platform intended to bring together services such as payments, money transfers, savings and investment management. Through its financial services operations, the company also provides wealth management and related planning services for clients seeking assistance with their broader financial goals.

The company was formerly known as Concierge Technologies, Inc and adopted the Marygold Companies name as it shifted its focus toward branded financial services.