Reading International, Inc. (NASDAQ:RDI) Short Interest Down 14.7% in April

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Reading International, Inc. (NASDAQ:RDI) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 140,500 shares, a drop of 14.7% from the March 31st total of 164,700 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 68,500 shares, the short-interest ratio is currently 2.1 days.

NASDAQ:RDI opened at $6.05 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.55. The business’s 50-day simple moving average is $6.35 and its two-hundred day simple moving average is $5.39. The stock has a market cap of $131.90 million, a PE ratio of -1.76 and a beta of 2.03. Reading International has a 52 week low of $2.21 and a 52 week high of $7.64.

Reading International (NASDAQ:RDI) last posted its quarterly earnings results on Wednesday, March 31st. The company reported ($0.80) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.81) by $0.01. Reading International had a negative return on equity of 42.01% and a negative net margin of 57.16%.

In related news, insider Margaret Cotter sold 8,000 shares of Reading International stock in a transaction on Friday, April 30th. The stock was sold at an average price of $5.95, for a total transaction of $47,600.00. Following the transaction, the insider now directly owns 759,876 shares in the company, valued at $4,521,262.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James J. Cotter Living Trust sold 4,000 shares of Reading International stock in a transaction on Monday, March 15th. The shares were sold at an average price of $7.12, for a total value of $28,480.00. Following the transaction, the insider now owns 786,973 shares in the company, valued at $5,603,247.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,000 shares of company stock worth $1,288,520. Company insiders own 25.66% of the company’s stock.

A hedge fund recently bought a new stake in Reading International stock. Wolverine Trading LLC bought a new position in Reading International, Inc. (NASDAQ:RDI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,900 shares of the company’s stock, valued at approximately $67,000. Wolverine Trading LLC owned about 0.06% of Reading International at the end of the most recent quarter. 41.86% of the stock is owned by hedge funds and other institutional investors.

About Reading International

Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

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