Reading International, Inc. (NASDAQ:RDIB) Sees Large Growth in Short Interest

Reading International, Inc. (NASDAQ:RDIB – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 36,102 shares, an increase of 553.8% from the August 15th total of 5,522 shares. Based on an average daily volume of 832,525 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

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

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Reading International Trading Up 18.2%

Shares of NASDAQ:RDIB traded up $2.62 during midday trading on Friday, reaching $17.02. The company had a trading volume of 40,807 shares, compared to its average volume of 97,246. The company has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $10.01. Reading International has a 1-year low of $8.00 and a 1-year high of $24.00.

Reading International Company Profile

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Reading International, Inc is an entertainment and real estate company, which engages in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through the Cinema Exhibition and Real Estate segments. The Cinema Exhibition segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, City Cinemas, 44 Union Square, and Liberty Theatres brands. The Real Estate segment comprises real estate development and the rental or licensing of retail, commercial and live theater assets.

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