The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) Sees Significant Decrease in Short Interest

The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 83,900 shares, a decline of 19.9% from the January 31st total of 104,700 shares. Based on an average trading volume of 34,100 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.8% of the shares of the stock are short sold.

Marygold Companies Trading Down 2.9 %

Shares of MGLD stock traded down $0.03 on Wednesday, reaching $1.01. 2,761 shares of the company’s stock traded hands, compared to its average volume of 17,187. Marygold Companies has a 12-month low of $0.95 and a 12-month high of $2.10. The company has a 50 day moving average of $1.38.

Insiders Place Their Bets

In other news, CEO & Melinda Gerber Livi Nicholas purchased 50,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $1.05 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 18,640,773 shares of the company’s stock, valued at $19,572,811.65. The trade was a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Marygold Companies Company Profile

The Marygold Companies, Inc, through its subsidiaries, engages in investment fund management, beauty products, food products, financial services, and security alarm systems businesses in the United States, the United Kingdom, New Zealand, Australia, and Canada. It operates as an investment advisor to exchange traded funds and exchange traded products organized as limited partnerships or investment trusts.