Reading International, Inc. (NASDAQ:RDIB) Shares Shorted: Short Interest Down 50.9% in September

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

Shares of NASDAQ:RDIB traded down $0.41 during midday trading on Tuesday, reaching $15.92. The company’s stock had a trading volume of 30,883 shares, compared to its average volume of 92,092. The business has a 50 day moving average price of $12.28 and a 200 day moving average price of $10.36. Reading International has a 1 year low of $8.00 and a 1 year high of $24.00.

Reading International Company Profile

(Get Free Report)

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.

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