Reading International, Inc. (NASDAQ:RDI) Short Interest Up 20.9% in February

Reading International, Inc. (NASDAQ:RDI) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 136,000 shares, a growth of 20.9% from the February 13th total of 112,500 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 86,100 shares, the short-interest ratio is currently 1.6 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Reading International in a research note on Tuesday. They issued a “sell” rating for the company.

Institutional Trading of Reading International

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in Reading International by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after purchasing an additional 19,224 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Reading International by 19.1% in the 4th quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after acquiring an additional 36,561 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Reading International during the fourth quarter valued at approximately $354,000. Gamco Investors INC. ET AL lifted its position in Reading International by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after buying an additional 9,500 shares during the period. Finally, Wittenberg Investment Management Inc. raised its stake in Reading International by 1.4% during the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after buying an additional 21,483 shares during the last quarter. 44.70% of the stock is currently owned by hedge funds and other institutional investors.

Reading International Trading Up 1.8 %

NASDAQ:RDI traded up $0.03 during midday trading on Wednesday, reaching $1.43. 183,778 shares of the stock traded hands, compared to its average volume of 38,401. The stock has a market capitalization of $31.96 million, a P/E ratio of -0.76 and a beta of 1.62. Reading International has a 12 month low of $1.22 and a 12 month high of $1.94. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. The company has a fifty day moving average of $1.47 and a 200 day moving average of $1.51.

About Reading International

Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.