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

Reading International, Inc. (NASDAQ:RDIB) was the recipient of a significant increase in short interest in 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 days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Reading International Trading Up 6.8%

NASDAQ RDIB opened at $14.40 on Friday. The business’s 50 day moving average is $10.35 and its two-hundred day moving average is $9.96. Reading International has a 12-month low of $8.00 and a 12-month high of $24.00.

About Reading International

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.