The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) Sees Large Increase in Short Interest

The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 13,900 shares, a growth of 31.1% from the July 31st total of 10,600 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 1.2 days. Approximately 0.1% of the shares of the stock are sold short.

Insider Activity at Marygold Companies

In other news, CEO & Melinda Gerber Livi Nicholas acquired 50,000 shares of the firm’s stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $50,000.00. Following the transaction, the chief executive officer directly owned 18,690,773 shares of the company’s stock, valued at approximately $18,690,773. This trade represents a 0.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Marygold Companies Stock Up 3.8%

MGLD opened at $1.09 on Thursday. The company has a fifty day moving average of $0.86 and a 200 day moving average of $0.90. Marygold Companies has a fifty-two week low of $0.64 and a fifty-two week high of $2.10.

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.