Reading International Inc (NASDAQ:RDI) Stock Short Interest Report for October

Reading International Inc (NASDAQ:RDI) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 47,042 shares, a growth of 114.3% from the September 30th total of 21,948 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 30,170 shares, the days-to-cover ratio is currently 1.6 days.

Reading International Stock Performance

Shares of Reading International stock remained flat at $1.63 during midday trading on Friday. 27,678 shares of the stock traded hands, compared to its average volume of 22,477. The company’s fifty day moving average price is $1.93 and its 200 day moving average price is $1.38. The company has a market cap of $37.31 million, a PE ratio of -2.96 and a beta of 0.87. Reading International has a twelve month low of $0.94 and a twelve month high of $2.41.

Reading International (NASDAQ:RDI) last released its earnings results on Friday, August 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. The company had revenue of $66.90 million during the quarter, compared to the consensus estimate of $63.47 million.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in Reading International stock. Gamco Investors INC. ET AL boosted its holdings in shares of Reading International Inc (NASDAQ:RDI) by 8.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,100 shares of the company’s stock after purchasing an additional 29,000 shares during the period. Gamco Investors INC. ET AL owned 1.59% of Reading International worth $408,000 as of its most recent SEC filing. Institutional investors own 44.70% of the company’s stock.

About Reading International

Reading International, Inc (NASDAQ:RDI) is an entertainment and real estate company that operates cinema and property businesses. Its cinema exhibition operations serve audiences through the Reading Cinemas, Angelika Film Center and Consolidated Theatres brands.

The company operates cinemas in the United States, Australia and New Zealand. Its theaters typically offer feature films along with premium viewing experiences, food and beverage options, and other amenities designed to support out-of-home entertainment.

Reading International also owns and manages real estate, including entertainment and retail-oriented properties in the United States, Australia and New Zealand.