Reading International, Inc. (NASDAQ:RDIB) Shares Shorted: Short Interest Down 34.8% in October

Reading International, Inc. (NASDAQ:RDIB) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 6,252 shares, a decrease of 34.8% from the September 30th total of 9,582 shares. Based on an average daily trading volume, of 9,635 shares, the short-interest ratio is presently 0.6 days.

Reading International Price Performance

Reading International stock opened at $10.80 on Monday. The stock has a fifty day simple moving average of $13.89 and a two-hundred day simple moving average of $10.94. Reading International has a 12 month low of $8.00 and a 12 month high of $24.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Reading International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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 includes multiplex theaters and specialty film venues designed to offer mainstream and independent films, premium viewing experiences, and related concessions and services.

The company operates cinemas under the Reading Cinemas and Angelika Film Center brands. Its cinema operations serve customers in the United States, Australia and New Zealand, with locations offering a combination of conventional movie screens, luxury amenities and curated programming, depending on the market.

Reading International also owns and manages commercial real estate, including properties associated with its theater operations and other development projects.