Reading International, Inc. (NASDAQ:RDI) Short Interest Update

Reading International, Inc. (NASDAQ:RDI) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 136,000 shares, a growth of 20.9% from the February 13th total of 112,500 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 86,100 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Reading International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL grew its holdings in Reading International by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after purchasing an additional 9,500 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Reading International by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after acquiring an additional 19,224 shares during the last quarter. Wittenberg Investment Management Inc. grew its stake in shares of Reading International by 1.4% in the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after acquiring an additional 21,483 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Reading International by 19.1% in the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after acquiring an additional 36,561 shares during the last quarter. Finally, Krilogy Financial LLC grew its stake in shares of Reading International by 11.6% in the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after acquiring an additional 246,000 shares during the last quarter. Institutional investors and hedge funds own 44.70% of the company’s stock.

Reading International Stock Performance

RDI stock traded up $0.11 during midday trading on Tuesday, hitting $1.40. 320,083 shares of the company traded hands, compared to its average volume of 37,773. Reading International has a twelve month low of $0.96 and a twelve month high of $1.95. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. The business has a 50 day simple moving average of $1.47 and a 200-day simple moving average of $1.51. The stock has a market capitalization of $31.40 million, a price-to-earnings ratio of -0.74 and a beta of 1.62.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Reading International in a report on Tuesday. They issued a “sell” rating on the stock.

Reading International Company Profile

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.