Reading International Inc (NASDAQ:RDI) Sees Large Drop in Short Interest

Posted by Brenda Bartman on May 19th, 2026

Reading International Inc (NASDAQ:RDI – Get Free Report) saw a large decrease in short interest in 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. Based on an average daily volume of 16,677 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.2% of the company’s stock are sold short.

Reading International Price Performance

Shares of RDI stock traded up $0.04 during trading hours on Tuesday, reaching $1.06. 6,834 shares of the company’s stock were exchanged, compared to its average volume of 27,167. The company has a market cap of $23.97 million, a P/E ratio of -1.37 and a beta of 0.80. The company’s 50 day moving average is $1.11 and its two-hundred day moving average is $1.13. Reading International has a 1 year low of $0.94 and a 1 year high of $1.65.

Reading International (NASDAQ:RDI – Get Free Report) last released its quarterly earnings data 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 company had revenue of $45.12 million during the quarter, compared to analysts’ expectations of $48.13 million.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on RDI

Hedge Funds Weigh In On Reading International

Several hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC increased its stake in Reading International by 26.9% in the 4th quarter. Gabelli Funds LLC now owns 85,000 shares of the company’s stock valued at $89,000 after purchasing an additional 18,000 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Reading International by 8.7% in the first quarter. Gamco Investors INC. ET AL now owns 361,100 shares of the company’s stock valued at $408,000 after purchasing an additional 29,000 shares during the period. Krilogy Financial LLC raised its position in Reading International by 1.2% in the fourth quarter. Krilogy Financial LLC now owns 2,592,860 shares of the company’s stock valued at $2,930,000 after purchasing an additional 30,410 shares during the period. Finally, Teton Advisors LLC purchased a new position in Reading International in the third quarter valued at about $223,000. 44.70% of the stock is owned by hedge funds and other institutional investors.

Reading International Company Profile

(Get Free Report)

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.