The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) Short Interest Up 28.1% in February

The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 107,500 shares, a growth of 28.1% from the February 13th total of 83,900 shares. Based on an average daily trading volume, of 33,400 shares, the short-interest ratio is presently 3.2 days. Currently, 1.1% of the company’s shares are short sold.

Marygold Companies Stock Performance

Shares of MGLD traded up $0.01 during mid-day trading on Monday, reaching $1.00. The company’s stock had a trading volume of 19,393 shares, compared to its average volume of 17,369. Marygold Companies has a 12-month low of $0.91 and a 12-month high of $2.10. The firm’s 50 day moving average price is $1.32.

Insiders Place Their Bets

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

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.