Reading International, Inc. (NASDAQ:RDIB) Sees Large Increase in Short Interest

Reading International, Inc. (NASDAQ:RDIB) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 36,102 shares, a growth of 553.8% from the August 15th total of 5,522 shares. Based on an average daily volume of 832,525 shares, the short-interest ratio is currently 0.0 days.

Reading International Trading Up 6.8%

Shares of NASDAQ RDIB opened at $14.40 on Friday. The company has a 50-day simple moving average of $10.35 and a 200-day simple moving average of $9.96. Reading International has a 12 month low of $8.00 and a 12 month high of $24.00.

Analysts Set New Price Targets

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

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.