Reading International, Inc. (NASDAQ:RDIB – Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 17,713 shares, a decrease of 50.9% from the August 31st total of 36,102 shares. Based on an average daily volume of 66,561 shares, the short-interest ratio is currently 0.3 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Reading International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Reading International currently has a consensus rating of “Sell”.
View Our Latest Research Report on RDIB
Reading International Price Performance
Reading International Company Profile
Reading International, Inc is an entertainment and real estate company that operates cinemas and owns, develops, and manages real estate assets. Its cinema business provides theatrical exhibition services, including the presentation of mainstream, independent, foreign-language, and specialty films.
Through brands such as Reading Cinemas, Angelika Film Center, and Consolidated Theatres, the company operates cinemas in the United States, Australia, and New Zealand. Its venues generally offer stadium or reserved seating, digital projection, premium-format screens, food and beverage services, and other amenities designed to enhance the moviegoing experience.
Reading International also holds commercial real estate interests, including properties associated with its cinema operations and other development or investment projects.
See Also
- Five stocks we like better than Reading International
- CarMax Just Gave Investors a Better Reason to Believe in the Turnaround
- CoreWeave Comes With Risks: Analysts Split on What Matters Most
- Bottlenecking the Future: TSMC Prices Out the Competition
- Fervo Energy Hits Geothermal Milestone: Will It Matter For The Stock?
Receive News & Ratings for Reading International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reading International and related companies with MarketBeat.com's FREE daily email newsletter.
