Reading International, Inc. (NASDAQ:RDIB) Stock Short Interest Report for September

Reading International, Inc. (NASDAQ:RDIB) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 9,582 shares, a decline of 45.9% from the September 15th total of 17,713 shares. Based on an average trading volume of 38,679 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

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

Reading International Price Performance

Shares of RDIB traded down $0.34 during mid-day trading on Thursday, hitting $11.79. 6,010 shares of the company’s stock were exchanged, compared to its average volume of 85,951. Reading International has a fifty-two week low of $8.00 and a fifty-two week high of $24.00. The business’s 50 day moving average is $13.52 and its two-hundred day moving average is $10.66.

Reading International Company Profile

Reading International, Inc is an entertainment and real estate company based in the United States. Through its cinema businesses, the company operates multiplex and boutique movie theaters under the Reading Cinemas and Angelika Film Center brands, offering theatrical film exhibition, food and beverage services, and related entertainment experiences.

Reading International operates cinemas in the United States, Australia, and New Zealand. Its Angelika venues are known for screening independent, foreign-language, and specialty films, while its Reading Cinemas locations generally serve broader local and regional markets.

The company also owns, develops, and manages a portfolio of commercial real estate, including retail, office, and other properties in the United States, Australia, and New Zealand.