Reading International, Inc. (NASDAQ:RDI) Short Interest Update

Reading International, Inc. (NASDAQ:RDI) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 153,300 shares, an increase of 18.4% from the November 15th total of 129,500 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 27,200 shares, the days-to-cover ratio is currently 5.6 days.

Reading International Stock Performance

Shares of RDI traded up $0.03 during trading hours on Friday, hitting $1.54. The company’s stock had a trading volume of 43,329 shares, compared to its average volume of 19,189. The business has a 50 day simple moving average of $1.50 and a two-hundred day simple moving average of $1.52. Reading International has a 52-week low of $1.22 and a 52-week high of $2.15. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $34.54 million, a price-to-earnings ratio of -0.82 and a beta of 1.60.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Reading International in a research report on Thursday. They set a “sell” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Krilogy Financial LLC boosted its stake in Reading International by 6.7% in the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock worth $2,815,000 after purchasing an additional 124,326 shares during the period. Logan Stone Capital LLC purchased a new stake in shares of Reading International in the second quarter worth about $38,000. Finally, Wittenberg Investment Management Inc. lifted its holdings in shares of Reading International by 1.4% in the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after buying an additional 21,483 shares in the last quarter. 44.70% of the stock is currently owned by hedge funds and other institutional investors.

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.