Reading International Inc (NASDAQ:RDI) Stock Short Interest Report for September

Reading International Inc (NASDAQ:RDI – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 21,948 shares, a decrease of 39.3% from the September 15th total of 36,165 shares. Based on an average daily trading volume, of 35,709 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Reading International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

Check Out Our Latest Analysis on RDI

Reading International Price Performance

Shares of Reading International stock traded down $0.06 during trading hours on Friday, reaching $1.73. The company had a trading volume of 13,733 shares, compared to its average volume of 41,401. Reading International has a one year low of $0.94 and a one year high of $2.41. The firm has a market cap of $39.60 million, a PE ratio of -3.15 and a beta of 0.87. The business has a fifty day simple moving average of $1.92 and a 200 day simple moving average of $1.46.

Reading International (NASDAQ:RDI – Get Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $66.90 million for the quarter, compared to analysts’ expectations of $63.47 million.

Hedge Funds Weigh In On Reading International

A hedge fund recently raised its stake in Reading International stock. Gamco Investors INC. ET AL boosted its holdings in Reading International Inc (NASDAQ:RDI – Free Report) by 8.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 361,100 shares of the company’s stock after purchasing an additional 29,000 shares during the quarter. Gamco Investors INC. ET AL owned about 1.59% of Reading International worth $408,000 at the end of the most recent quarter. 44.70% of the stock is owned by institutional investors.

Reading International Company Profile

(Get Free Report)

Reading International, Inc is an entertainment and real estate company that operates cinemas and owns, develops, and manages real estate assets. Its entertainment business focuses on the operation of movie theaters under the Reading Cinemas and Angelika Film Center brands, offering feature films, premium viewing experiences, food and beverage services, and related entertainment amenities.

Reading Cinemas operates in the United States, Australia, and New Zealand, while Angelika Film Centers primarily serves the U.S.

Further Reading

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