Reading International Inc (NASDAQ:RDI) Short Interest Down 30.2% in April

Reading International Inc (NASDAQ:RDI) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 42,386 shares, a drop of 30.2% from the March 31st total of 60,739 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 23,228 shares, the short-interest ratio is currently 1.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Reading International in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Reading International Trading Down 1.3%

Shares of NASDAQ RDI traded down $0.02 during mid-day trading on Tuesday, reaching $1.14. The company had a trading volume of 7,798 shares, compared to its average volume of 28,043. The firm has a 50 day simple moving average of $1.11 and a two-hundred day simple moving average of $1.17. The stock has a market cap of $25.78 million, a P/E ratio of -1.83 and a beta of 0.86. Reading International has a 52-week low of $0.94 and a 52-week high of $1.65.

Reading International (NASDAQ:RDI) last posted its earnings results on Tuesday, March 31st. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The company had revenue of $50.27 million during the quarter, compared to analysts’ expectations of $53.27 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RDI. Gabelli Funds LLC grew its position in Reading International by 26.9% during the 4th quarter. Gabelli Funds LLC now owns 85,000 shares of the company’s stock worth $89,000 after purchasing an additional 18,000 shares during the last quarter. Teton Advisors LLC purchased a new position in Reading International during the 3rd quarter worth $223,000. Gamco Investors INC. ET AL grew its position in Reading International by 20.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 332,100 shares of the company’s stock worth $349,000 after purchasing an additional 55,500 shares during the last quarter. Finally, Krilogy Financial LLC grew its position in Reading International by 1.2% during the 4th quarter. Krilogy Financial LLC now owns 2,592,860 shares of the company’s stock worth $2,930,000 after purchasing an additional 30,410 shares during the last quarter. 44.70% of the stock is owned by hedge funds and other institutional investors.

Reading International Company Profile

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.