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

The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) was the target of a large growth in short interest in 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 volume of 33,400 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.1% of the company’s shares are sold short.

Marygold Companies Stock Up 1.9 %

Shares of MGLD stock opened at $1.05 on Wednesday. The stock has a 50 day moving average price of $1.29. Marygold Companies has a 12 month low of $0.91 and a 12 month high of $2.10.

Insider Transactions at Marygold Companies

In related news, CEO & Melinda Gerber Livi Nicholas acquired 42,149 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of $1.72 per share, for a total transaction of $72,496.28. Following the purchase, the chief executive officer now directly owns 18,510,915 shares in the company, valued at $31,838,773.80. This represents a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through 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.