Reading International, Inc. (NASDAQ:RDIB) Short Interest Up 553.8% in August

Reading International, Inc. (NASDAQ:RDIB) was the target of a large 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 trading volume, of 832,525 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

Reading International Price Performance

NASDAQ RDIB opened at $17.02 on Friday. The stock has a 50-day simple moving average of $10.51 and a 200 day simple moving average of $10.01. Reading International has a twelve month low of $8.00 and a twelve 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.