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

Reading International, Inc. (NASDAQ:RDIB) was the target of a large decrease in short interest during the month of 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 presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Reading International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Reading International Stock Down 4.8%

Shares of RDIB stock traded down $0.76 during midday trading on Wednesday, reaching $15.16. 5,270 shares of the stock were exchanged, compared to its average volume of 91,457. Reading International has a 1 year low of $8.00 and a 1 year high of $24.00. The company’s 50 day moving average is $12.42 and its two-hundred day moving average is $10.39.

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 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.