Reading International Inc (NASDAQ:RDI) Short Interest Down 34.1% in April

Reading International Inc (NASDAQ:RDI) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 27,937 shares, a decrease of 34.1% from the April 15th total of 42,386 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 16,677 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reading International in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of Reading International

A number of large investors have recently made changes to their positions in the stock. Gabelli Funds LLC boosted its stake in shares of Reading International by 26.9% during the fourth quarter. Gabelli Funds LLC now owns 85,000 shares of the company’s stock valued at $89,000 after acquiring an additional 18,000 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Reading International by 8.7% during the first quarter. Gamco Investors INC. ET AL now owns 361,100 shares of the company’s stock worth $408,000 after buying an additional 29,000 shares during the period. Krilogy Financial LLC lifted its position in Reading International by 1.2% during the fourth quarter. Krilogy Financial LLC now owns 2,592,860 shares of the company’s stock worth $2,930,000 after buying an additional 30,410 shares during the period. Finally, Teton Advisors LLC purchased a new position in Reading International during the third quarter worth about $223,000. Institutional investors and hedge funds own 44.70% of the company’s stock.

Reading International Stock Performance

Reading International stock opened at $1.03 on Wednesday. The firm has a market capitalization of $23.40 million, a price-to-earnings ratio of -1.34 and a beta of 0.80. Reading International has a fifty-two week low of $0.94 and a fifty-two week high of $1.65. The stock’s fifty day moving average is $1.11 and its two-hundred day moving average is $1.13.

Reading International (NASDAQ:RDI) last posted its earnings results on Friday, May 15th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.10). The business had revenue of $45.12 million during the quarter, compared to the consensus estimate of $48.13 million.

Reading International Company Profile

Reading International, Inc (NASDAQ: RDI) is a diversified entertainment and real estate company headquartered in Santa Monica, California. The company’s principal operating arm is Reading Cinemas, a chain of multiplex movie theaters serving audiences in Australia, New Zealand and the United States. Reading Cinemas locations feature a mix of mainstream and independent film programming, premium large-format screens, special event presentations and concession services designed to enhance the customer experience.

In addition to its exhibition business, Reading International maintains a real estate development and management division focused on retail, office and mixed-use properties.