Cineplex Inc. (OTCMKTS:CPXGF) Sees Large Increase in Short Interest

Cineplex Inc. (OTCMKTS:CPXGF) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,287,700 shares, an increase of 10.8% from the March 15th total of 2,065,500 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is currently 150.5 days.

Cineplex Stock Down 6.6 %

CPXGF traded down $0.39 on Tuesday, hitting $5.44. The company had a trading volume of 17,325 shares, compared to its average volume of 12,954. The company’s fifty day moving average price is $5.73 and its 200 day moving average price is $6.08. Cineplex has a 1-year low of $5.27 and a 1-year high of $7.40.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.