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

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

Marygold Companies Price Performance

Marygold Companies stock traded down $0.03 during mid-day trading on Wednesday, reaching $1.01. The company had a trading volume of 2,761 shares, compared to its average volume of 17,187. The stock’s 50 day simple moving average is $1.38. Marygold Companies has a 52 week low of $0.95 and a 52 week high of $2.10.

Insider Activity at Marygold Companies

In other Marygold Companies news, CEO & Melinda Gerber Livi Nicholas acquired 42,149 shares of Marygold Companies stock in a transaction dated Friday, December 20th. The stock was bought at an average cost of $1.72 per share, with a total value of $72,496.28. Following the completion of the transaction, the chief executive officer now owns 18,510,915 shares of the company’s stock, valued at $31,838,773.80. The trade was a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

About Marygold Companies

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.