Short Interest in The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) Drops By 19.9%

The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) saw a large decline in short interest in the month of 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. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is presently 2.5 days.

Insider Transactions at Marygold Companies

In other news, CEO & Melinda Gerber Livi Nicholas acquired 50,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $1.05 per share, with a total value of $52,500.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Marygold Companies Trading Up 6.8 %

Shares of MGLD stock traded up $0.07 during trading hours on Tuesday, reaching $1.04. 925 shares of the company were exchanged, compared to its average volume of 43,447. Marygold Companies has a fifty-two week low of $0.95 and a fifty-two week high of $2.10.

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.