Reading International Inc (NASDAQ:RDI) Short Interest Update

Reading International Inc (NASDAQ:RDI) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 275,230 shares, an increase of 976.8% from the November 30th total of 25,561 shares. Based on an average daily trading volume, of 735,533 shares, the short-interest ratio is presently 0.4 days. Currently, 1.8% of the company’s shares are sold short. Currently, 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 735,533 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Reading International in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Reading International Trading Up 0.5%

Shares of NASDAQ RDI traded up $0.01 during mid-day trading on Thursday, hitting $1.06. The company had a trading volume of 31,415 shares, compared to its average volume of 472,071. Reading International has a 1 year low of $1.02 and a 1 year high of $1.87. The company has a market capitalization of $23.97 million, a price-to-earnings ratio of -1.73 and a beta of 0.97. The stock’s 50-day moving average price is $1.27 and its 200-day moving average price is $1.36.

Reading International (NASDAQ:RDI) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The firm had revenue of $52.17 million during the quarter, compared to analysts’ expectations of $58.75 million.

Hedge Funds Weigh In On Reading International

Hedge funds have recently bought and sold shares of the business. Teton Advisors LLC purchased a new position in shares of Reading International during the 3rd quarter valued at $223,000. Investment Counsel Co. of Nevada purchased a new stake in shares of Reading International during the second quarter worth about $49,000. Mraz Amerine & Associates Inc. bought a new stake in Reading International during the 2nd quarter valued at approximately $25,000. Krilogy Financial LLC raised its stake in Reading International by 12.5% during the 2nd quarter. Krilogy Financial LLC now owns 2,815,145 shares of the company’s stock valued at $3,772,000 after purchasing an additional 312,535 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in Reading International by 3.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 281,100 shares of the company’s stock worth $391,000 after purchasing an additional 9,000 shares in the last quarter. Hedge funds and other institutional investors own 44.70% of the company’s stock.

Reading International Company Profile

Reading International, Inc (NASDAQ: RDI) is a diversified entertainment and real estate company headquartered in Santa Monica, California. The company’s principal operating arm is Reading Cinemas, a chain of multiplex movie theaters serving audiences in Australia, New Zealand and the United States. Reading Cinemas locations feature a mix of mainstream and independent film programming, premium large-format screens, special event presentations and concession services designed to enhance the customer experience.

In addition to its exhibition business, Reading International maintains a real estate development and management division focused on retail, office and mixed-use properties.