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

Reading International, Inc. (NASDAQ:RDIB) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,252 shares, a drop of 34.8% from the September 30th total of 9,582 shares. Based on an average daily trading volume, of 9,635 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

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

Reading International Trading Up 0.7%

NASDAQ:RDIB traded up $0.07 during trading hours on Tuesday, reaching $10.56. The company had a trading volume of 3,283 shares, compared to its average volume of 81,170. Reading International has a twelve month low of $8.00 and a twelve month high of $24.00. The business’s 50-day simple moving average is $13.92 and its two-hundred day simple moving average is $10.94.

About Reading International

Reading International, Inc is an entertainment and real estate company that operates cinemas and owns, develops and manages real estate assets. Its cinema business includes multiplex theaters and specialty film venues designed to offer mainstream and independent films, premium viewing experiences, and related concessions and services.

The company operates cinemas under the Reading Cinemas and Angelika Film Center brands. Its cinema operations serve customers in the United States, Australia and New Zealand, with locations offering a combination of conventional movie screens, luxury amenities and curated programming, depending on the market.

Reading International also owns and manages commercial real estate, including properties associated with its theater operations and other development projects.